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Warning retail job cuts ‘inevitable’ after Budget. Mitchell Labiak - Business reporter, BBC News. November 19, 2024 at 11:50 AM [Getty Images]
While increased job cuts and elevated levels of executive turnover within the retail industry won’t likely spur cuts across the economy or an economic downturn, it does highlight a noteworthy trend.
The job cuts represents about 1% of the health care company's workforce, a CVS spokesperson told CBS MoneyWatch via email. ... Walgreens is planning to close up to a quarter of its 8,600 retail ...
In 2023, companies planned 721,677 job cuts, a 98% jump from 2022, according to a new report from professional outplacement firm Challenger, Gray, and Christmas. The number marks the highest ...
There were fewer job cuts in the construction, manufacturing, leisure and hospitality industries. But layoffs increased by 60,000 in the retail sector. The layoffs rate fell to 1.0% from 1.1% in ...
U.S.-based employers announced nearly 30,000 job cuts last month, up 68% from the year before.
The technology sector led the September total with 11,430 announced job cuts, though the industry has seen 23% fewer reductions so far this year than in 2023. Indeed, other major sectors like ...
Macy’s on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales.