(Worthy News) – The already struggling retail industry has experienced catastrophic layoffs amid the coronavirus pandemic that are hitting historic levels.
During the first few months of 2020, retailers have slashed more than 114,000 jobs, which far outpaces annual job cuts in the industry, as well as beating the previous high of 101,000 in 2003, according to CBS News.
Andrew Challenger, senior vice president of global outplacement and executive coaching firm Challenger Gray & Christmas, referred to the retail cut as “astronomical.” [ Source: Washington Examiner (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.