Retail announced over 64,000 job cuts so far this year, the second most of any industry, according to a report from Challenger, Gray & Christmas.
Dive Brief:
- U.S. retailers eliminated over 64,000 jobs
during the first four months of 2025, the second most of any industry,
according to a new report released Thursday by consulting firm
Challenger, Gray & Christmas. The four-month total represented a
296% increase from the year-ago period.
- A total of 7,235 retail jobs were lost in April, up 77% from April 2024, according to the report.
- Close to 603,000 jobs were lost across all industries in the first four months of this year, the most since 2020 when just over 1 million job cuts were recorded. Almost half of the cuts this year were attributed to job eliminations by the Department of Government Efficiency, or DOGE, per the report...
...more
Heather: Change is the one constant in CRE and in life. There seems to be less room for error over the past several years which levels the playing field of what’s required to be at the top. Results speak volumes.
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- - Volume: 25 - WEEK: 20 Date: 5/13/2025 3:35:43 PM -