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Retail job cuts rose 20% in January, and more are on the way

Article by Zak Stambor  |  Feb 13, 2025
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Retail job cuts rose 20% in January, and more are on the way
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Topics
Retail Sales
Customer Experience
United States

The data: Retailers cut 6,419 jobs in January, a nearly 20% increase from a year earlier, per Challenger, Gray & Christmas.

The context: The data comes on the heels of a year in which retailers took a cautious approach to staffing.

  • Last year saw just 41,686 layoffs, down 47% YoY, per Challenger, Gray & Christmas’ December report.

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Retail job cuts rose 20% in January, and more are on the way