Since the start of 2023, major retailers ranging from department stores to direct-to-consumer brands have cut staff, the latest swing in a sector that's been hit hard by labor challenges and inflation.
Most of the cuts so far have impacted corporate retail employees. At a store level, many retailers are actually holding tighter to workers than usual, even seasonal employees, in a practice economists call "labor hoarding." Empty Cardboard Packaging Box
Stick Box Gel Pack Professional Plastic Boxes Still, so far this year, more than 30 companies have announced layoffs impacting hundreds, sometimes thousands of employees.