Sweden’s H&M Makes Major Layoffs To Save $2B Ahead Of Looming Recession—Will The US Be Next?

Sweden’s H&M Makes Major Layoffs To Save $2B Ahead Of Looming Recession—Will The US Be Next?

Essence Magazine:

By Jasmine Browley· Updated December 16, 2022

It has been reported that Swedish fashion brand H&M recently became the first big European retailer to lay plan to deploy layoffs staff in response to the rising living costs.

It’s reportedly an attempt to reduce

Kimberly Wilson
Author: Kimberly Wilson

This post first appeared in Essence Magazine. Read the original article.