Job cuts announced by U.S.-based employers fell 4.4 percent, from 33,825 in August to 32,346 in September. Last month’s total was 27 percent lower than the 44,324 job cuts announced in the same month last year, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.
While pivoting in the retail sector has caused thousands of store closures, price cuts on merchandise, and consolidation within the industry, retailers are signaling that there might be high demand for seasonal jobs, according to a forecast released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.
Retailers across the nation are struggling to adapt to consumer demand and new technologies, leading to massive job cuts and thousands of announced store closures. The retail landscape is likely to evolve even further, as tools like virtual reality enter the shopping experience, according to one workplace authority.