I stopped shopping online at Target when it stopped being supportive of the LGBTQ+ community. So when Target announced layoffs today, I looked to see if the press mentioned this.
Reuters, 2nd paragraph: "The move, unveiled by incoming CEO Michael Fiddelke in memo to employees on Thursday, comes at a time its share price has lagged rivals and the company has faced backlash for pulling back from its diversity, equity, and inclusion policies."
https://www.reuters.com/business/world-at-work/target-plans-lay-off-1800-employees-wsj-reports-2025-10-23/
CNN, 3rd & 4th paragraphs: The layoffs, which come ahead of the critical holiday shopping season, are the latest sign of struggles at the Minneapolis-based company. It has been been reeling from slumping sales and fierce blowback to its retreat on DEI programs.
Its decision to end some of those initiatives angered supporters of diversity and inclusion policies, who felt blindsided. Target had staked out a reputation as a strong corporate supporter of DEI.
https://www.cnn.com/2025/10/23/business/target-layoffs