Joann, Macy's, other store closures part of a 274% spike in retail layoffs in 2025

foxbusiness.com/economy/joann-macys-other-store-closures-part-274-spike-retail-layoffs-2025

The number of job cuts announced in the first five months of 2025 increased 80% from the same period the prior year, according to a new report from Challenger, Gray & Christmas.
Employers have announced approximately 696,000 job cuts through May. In 2024, that number was just over…

This story appeared on foxbusiness.com, 2025-06-09 13:03:36.
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