job cuts
Why the Economic Recovery Looks More Like an L Than a V
As COVID-19 flareups continue, continued layoffs are a concern, but extended deflation could be an even…
Marks & Spencer Cuts 950 Jobs as Thousands More Remain at Risk
Besides M&S, Ted Baker is said to axe 500 jobs as a research group forecasts retail job losses in the U.K…
G-Star Raw Cuts 10 Percent of Jobs in Global Restructuring
Denim brand G-Star Raw announced a global restructuring that affects 10 percent of its employee base and some…
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Retail Sales Rose 7.5% in June, But Virus Trends Cloud July’s Outlook
A worsening outbreak, coupled with a steady cadence of retail layoffs, could see July claw back June's…
JCP Sheds 1,000 Jobs in a Tough Week for Retail Workers
Penney's job cuts compound staff reductions at REI, PVH and Burberry.
Burberry Trims 500 Jobs as First-Quarter Comp Sales Fall 45%
Burberry said the 45 percent decline improved to just down 20 percent in June, a signal that sales trends are…
Mulberry to Cut 25 Percent of Global Workforce Under Weight of COVID-19
British luxury brand Mulberry said Monday that it's looking to shed a quarter of its workforce.
Stitch Fix to Cut 1,400 Jobs in California
Stitch Fix told 1,400 of its stylists Monday—or 18 percent of its staff—that they'll be losing their…
Clarks to Cut 900 Jobs Amid COVID Liquidity Crisis
Clarks is seeking funding for near-term liquidity as it cuts 900 jobs as part of a turnaround strategy to…
Tapestry to ‘Substantially’ Slash Jobs After Bleeding $677.1M
The owner of Kate Spade, Coach and Stuart Weitzman is re-opening 40 stores on Friday, however, with limited…
Kohl’s Cuts 250 Jobs and Shakes Up Merchant Team
The retailer said job cuts are concentrated in corporate headquarters and among store leadership, with the…
Retailers Have Already Stopped Hiring in Preparation for New Tariffs
Instead of hiring for holiday, many retailers have already gone on a hiring freeze as they look to cut costs…
Victoria’s Secret Cuts Hundreds of Jobs in Ohio and New York
Major changes are underway at Victoria's Secret.
Nordstrom Swings the Axe, Cuts 120 Tech Jobs
Nordstrom laid off 120 members of its technology team last week, adding to the 10 cuts it made earlier this…
Tesco Could Trim 39,000 Jobs
Tesco's latest PR nightmare sent its shares plunging by more than 3 percent on Monday.