Hudson\u0027s Bay said it is laying off another 250 workers, the second round of cutbacks this year, bringing the total for 2023 to 500. Read on.
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The Canadian retail arm of Hudson’s Bay Co. said the layoffs are in corporate roles. None of the 2023 job losses have affected retail workers at Hudson’s Bay’s 84 department stores across Canada.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
Economic pressures in the retail industry have continued longer than expected, making the second round of job losses this year necessary, she said. “In January, we worked hard to minimize the impacts to our associates with the lens that macro pressures would ease,” Bourre said. “However, they have persisted longer than we had hoped, which has made these changes necessary.”Article content
The company is committed to fairness and respect as it supports employees impacted by the layoff, she added.At the time, the retailer said the changes were needed as the retail sector navigated “significant external pressures.”
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