Can’t compete you must delete:
Target said its move weighed on sales, which have fallen for three straight quarters.
competition from Walmart, Amazon and Costco have also taken a toll on Target
The company’s (TGT) stock has dropped 30% in 2025, putting it among the worst-performing companies in the S&P 500 this year.
A Target spokesperson said the company did not lay off employees to cut costs. Instead, it was a step to rewire its organization to make decisions more swiftly.