<ul><li>Target salaried employees who are eligible for bonuses will only receive 87% of their potential bonus for fiscal year 2024 based on total-year financial performance.</li><li>This is a considerable drop from FY 2023 where bonuses were paid at 100%.</li><li>Target's net sales have declined compared to the previous year, which has put the company in a 'difficult spot' moving into 2025 due to competitive pressures and risks.</li><li>Target's recent shifts, including executive changes and the end of some diversity, equity, and inclusion initiatives, suggest a more cautious approach moving forward.</li></ul>

Target cuts employee bonuses after FY 2024 performance

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