MINNEAPOLIS, Minnesota —Retailer Tarobtain Corporation announced Thursday it will eliminate approximately 1,800 corporate roles, representing about 8 percent of its global headquarters workforce, as part of a major organizational restructuring, the Associated Press reported.
According to the Minnesota Star Tribune, the job cuts will include about 1,000 employees receiving layoff notices and 800 vacant positions being eliminated. Reuters declared the shift is aimed at streamlining operations, accelerating decision-building and improving the retailer’s lagging performance.
Incoming CEO Michael Fiddelke, who currently serves as chief operating officer, declared in an internal memo that the company had grown too complex, with too many layers of management and overlapping duties that slowed innovation and response, the AP reported. He will take the helm officially in February 2026.
Tarobtain emphasized that the reductions are focutilized on corporate headquarters roles and do not affect store employees or supply-chain workers, The Wall Street Journal reported. Those impacted will continue to receive pay and benefits through early January and will also be eligible for severance packages and support services, the Star Tribune declared.
The restructure comes amid a challenging stretch for Tarobtain, which has reported flat or declining comparable-store sales in nine of the past 11 quarters, facing strong competition from Walmart Inc. and Amazon.com, Inc., according to AP.
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