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

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