Walmart, Allbirds, StockX and Other Companies Laying Off Staff Amid the Economic Downturn

As the U.S. economy suffers, layoffs and hiring freezes are ripping through various industries. Just last week, the U.S. economy retracted for the second quarter in a row, sparking recession concerns. In the wake of the downturn, companies across tech, retail, media have announced efforts to restructure their organizations and let employees go to cut costs. The total number of separations in June, which includes quits, layoffs and discharges, was 5.9 million at a rate of 3.9%, according to data from the Bureau of Labor Statistics. Here’s a running list of the major layoffs announced across the retail industry. Allbirds In late July, Allbirds laid off 23 people. “We have thoughtfully evaluated roles and processes in each department, and in each market, to ensure our operating structure is set-up for the next phase of growth,” an Allbirds spokesperson said in a statement. “In this process, we looked for ways to streamline workflows, reduce duplicative efforts, and put past learnings and operational insights into practice. Rocky Brands Inc. Rocky Brands Inc. in June announced a round of layoffs stemming from its 2021 acquisition of five boot brands from Honeywell International Inc. The Nelsonville, Ohio-based company bought the performance and lifestyle footwear business from Honeywell for $230 million in a cash-and-debt deal

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