Target , which has been struggling with sales in recent years, is eliminating 1,800 roles or about 8% of the company's global HQ team, in a restructuring aimed to reduce "layers and overlapping work," according to a memo seen by ABC News.

The Minneapolis-based company is in the middle of a CEO transition with incoming chief executive Michael Fiddelke, a company veteran who will take the top job in February, and has started to implement his vision.

"The truth is, the complexity we've created over time has been holding us back. Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life," Michael Fiddelke, COO and incoming CEO of Target, wrote in a note to all of Target's HQ Team Members.

The cuts -- which break down as layoffs for 1,000 people and

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