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Top retaildive.com News

Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push — REUTERS / Carlos Barria

Amazon · United States

Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push

60% Center coverage: 274 sources

Amazon said on Wednesday it was cutting 16,000 jobs worldwide in the second major round of layoffs at the ⁠company in three months, as it restructures after pandemic-era over-hiring and expands the adoption of artificial intelligence ‍tools.See the Story

Saks Global Plans to Shutter Off-Price Retail Locations

Bankruptcy · United States

Saks Global Plans to Shutter Off-Price Retail Locations

75% Center coverage: 20 sources

By Ramishah Maruf, CNN New York (CNN) — The parent company of Saks Off 5th and Last Call will close most locations to focus on its luxury retail stores after filing for bankruptcy this month. Saks Global announced on Thursday that it will shutter almost 60 of its Off 5th locations and five Last Call storefronts. Two dozen Off 5th locations will remain open, according to the company’s press release. By shutting down the discount stores, Saks Glob…See the Story

Home Depot to Require Employees Work in Office 5 Days per Week, Cut 800 Jobs: Reports

Home Depot · Atlanta

Home Depot to Require Employees Work in Office 5 Days per Week, Cut 800 Jobs: Reports

37% Center coverage: 11 sources

The roles within its Atlanta store support center are primarily concentrated in its tech organization and come as the retailer mandates a full-time return to office.See the Story

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