US Retailer Target to Cut 150 India Jobs as Part of Global Layoffs

Target Corporation, the US-based retail giant, has announced a round of global job cuts that will impact its operations in India, with around 150 roles being eliminated at its Global Capability Centre (GCC). 

The move forms part of the company’s wider 1,800-employee layoff, its first major workforce reduction in ten years, driven by sluggish demand and a challenging global retail environment.

Target Restructures Operations Amid Economic Pressure

The India layoffs account for about 8% of the total global reductions and roughly 3% of Target’s 5,500-strong India workforce. The company’s decision comes as it seeks to simplify its corporate structure and optimise operational efficiency. 

While the firm refrained from revealing which divisions were affected, it confirmed that employees will receive separation benefits above legal requirements. Additionally, Target plans to close 800 open positions worldwide as part of the restructuring.

Retail GCCs Face Broader Industry Slowdown

Target’s India centre, one of the first global capability hubs established by a foreign retailer more than two decades ago, has been integral to the company’s technology and analytics operations. The layoffs come at a time when several global retailers are streamlining costs due to macroeconomic headwinds, rising automation, and evolving consumer trends. 

Notably, Amazon is also reportedly reducing 1,000–1,500 positions in India across its AWS, Prime Video, and retail businesses. Despite the current wave of cost cuts, India remains a thriving base for global retail technology, with over 70 retail and consumer goods GCCs employing more than 85,000 professionals across Bengaluru and other cities.

Read More: Amazon to Lay Off up to 1,000 India Employees as Part of Global Restructuring!

Conclusion

Target’s latest layoffs reflect a global recalibration within the retail industry as companies adapt to economic uncertainty and digital transformation. While the move affects a small portion of its India workforce, the retailer’s continued presence underscores India’s enduring importance as a technology and innovation hub for global retail operations.

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