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As Wayfair Cuts Staff, Another Retailer Buckles

Wayfair's excuse for layoffs was that the company wants to drive efficiencies. That is what most faltering retailers say......»»

Category: blogSource: 247wallstFeb 14th, 2020

Exclusive: UK retailer Debenhams cuts "hundreds" of head office staff - sources

British department store group Debenhams has cut "hundreds" of head office jobs as it slims down its administrative functions to support a smaller business in the future, two people with knowledge of the situation told Reuters......»»

Category: topSource: reutersMay 28th, 2020

Here are the latest Central Ohio employers to announce job cuts amid the coronavirus pandemic

A bankrupt retailer is shuttering a distribution center for good and an auto auction is furloughing staff potentially for months, two of the latest examples of the coronavirus pandemic's impact on Ohio's economy......»»

Category: topSource: bizjournalsMay 12th, 2020

Academy Sports + Outdoors furloughs staff, cuts pay

Katy-based Academy Sports + Outdoors has kept most of its stores open during the coronavirus pandemic, but it's still having to make cuts. The retailer will temporarily furlough "a substantial number of its corporate office and distribution center.....»»

Category: topSource: bizjournalsApr 15th, 2020

The Container Store furloughs some corporate staff, cuts store hours, draws down $50 million from credit facility

The Container Store Group Inc. said Monday that it has furloughed some corporate staff, starting March 30, with those staff members receiving benefits until April 30. The retailer has also temporarily closed 40 stores, with staff .....»»

Category: topSource: marketwatchMar 30th, 2020

Wayfair cuts 350 jobs at its Boston headquarters

Internet retailer Wayfair, one of the largest employers in Massachusetts, cut 350 jobs in its Boston headquarters on Thursday. A company spokesperson said that in total, 3% of the company's workforce was cut, or about 500. The company has more than 1.....»»

Category: topSource: bizjournalsFeb 14th, 2020

Beauty retailer Birchbox cuts half of its NYC staff

Birchbox, the monthly subscription service company that was once hailed as an e-commerce darling, is making cuts again—this time laying off almost half its staff at its New York City... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkFeb 7th, 2020

Mattress unicorn Casper held a small round of layoffs this week

Online mattress retailer Casper Sleep Inc. made a round of staff cuts this week, according to people with knowledge of the matter. The New York-based company, led by Chief Executive Officer Philip... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkDec 15th, 2019

Bed Bath & Beyond cuts 7% of corporate staff, including COO

Furnishing retailer Bed Bath & Beyond Inc said on Tuesday its chief operating officer was departing as part of its move to cut 7% of corporate staff, following a review of office costs......»»

Category: topSource: reutersJul 23rd, 2019

Belk cuts jobs at corporate office in Charlotte amid pandemic pressure

The pandemic has forced Belk Inc. to reduce its headcount. The Charlotte-based retailer eliminated a number of positions, primarily at its corporate office, says Jenny Anderson, a Belk spokeswoman. She did not release the number of employees.....»»

Category: topSource: bizjournalsJul 2nd, 2020

Nike warns of job cuts during shift to digital "swoosh"

Nike warned of job cuts Friday after the sportswear retailer reported a $790 million quarterly net loss......»»

Category: topSource: foxnewsJun 27th, 2020

Aurora Cannabis up 7.3% after announcing consolidation of production, staff cuts

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJun 23rd, 2020

Intuit staff cuts not indicative of weak demand, says Jefferies

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJun 22nd, 2020

Verb Surgical cuts dozens of jobs in Santa Clara after Alphabet"s Verily pulls out of joint venture

Verily Life Sciences sold its stake in Verb Surgical to Johnson & Johnson in December. Now, the robotic surgery startup is cutting staff......»»

Category: topSource: bizjournalsJun 18th, 2020

Layoffs, salary freeze among budget maneuvers for Charlotte"s Arts & Science Council

The nonprofit organization has laid off nearly one-third of its staff in the past eight months while grappling with financial challenges, including six job cuts disclosed this week......»»

Category: topSource: bizjournalsJun 17th, 2020

Main IKEA retailer starts returning government aid received to cover wages

Ingka Group, the owner of most IKEA stores, said on Tuesday it had repaid aid received from the Serbian government to cover wages for furloughed staff during lockdown, and was about to do the same in Romania......»»

Category: topSource: reutersJun 16th, 2020

SoftBank-backed ride-hailing firm Grab cuts staff to cope with virus impact

Southeast Asian ride-hailing and payments firm Grab said on Tuesday it will lay off more than 300 employees due to the impact of novel coronavirus, in the latest setback to major backer SoftBank Group Corp ......»»

Category: topSource: reutersJun 16th, 2020

Emirates, Etihad extend temporary salary cuts to September

Gulf carriers Emirates and Etihad Airways are extending the period of reduced pay for their staff until September as they try to preserve cash during the global coronavirus pandemic......»»

Category: topSource: reutersJun 7th, 2020

Emirates, Etihad extend temporary salary cuts to Sept

Gulf carriers Emirates and Etihad Airways are extending the period of reduced pay for their staff until September as they try to preserve cash during the global coronavirus pandemic......»»

Category: topSource: reutersJun 7th, 2020

The Wall Street Journal: Stitch Fix laying off around 1,400 workers in California

Stitch Fix Inc., a personal-shopping service and clothing retailer, notified its roughly 1,400 California-based stylists Monday, or about 18% of its total staff, that they will be losing their jobs......»»

Category: topSource: marketwatchJun 1st, 2020

CBS News cuts 75 staff members, NY Post reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 28th, 2020