The Minneapolis retailer also said 700 positions will not be filled. Target did not say what departments would be affected by the layoffs or how much money it would save the company.
The retailer has a total global headcount of 361,000 and employs about 14,000 at its headquarters and related offices in Minnesota.
The news comes just weeks after the Minneapolis, Minnesota-based company forecast weak results for the holiday season, during which it fell victim to a cyber attack that led to the theft of some 40 million payment card numbers and the personal data of 70 million customers.
(Read more: Target CEO defends 4-day wait to disclose massive data hack)
In early January, the retailer cut its fourth-quarter profit forecast, in part due to weaker-than-expected sales since reports of the cyber-attack emerged in mid-December.
"We believe these decisions, while difficult, are the right actions as we continue to focus on transforming our business," Target spokeswoman Molly Snyder said.
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