03:55 PM EST, 02/09/2026 (MT Newswires) -- Target ( TGT ) plans to cut 500 jobs in distribution centers and regional offices while increasing staffing in stores to improve customer service, CNBC reported Monday, citing an internal employee memo.

The change "fuels our ability to put significantly more payroll in our stores, primarily in additional labor and hours where needed most, but also in new guest-experience training for every team member at every store," the memo said, according to the report.

Target ( TGT ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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