

Dollar Tree: The retailer, which also owns Family Dollar, will let go of roughly 90 corporate employees in Chesapeake, Virginia, the company confirmed to Retail Dive in May.Liz Hafalia/The San Francisco Chronicle/Getty Images This move came as Allbirds' co-founder Tim Brown, who previously served as co-CEO, transitioned to the role of chief innovation officer.Īllbirds laid off 21 employees globally in May. Allbirds: The shoe retailer let go of 21 employees globally in May, per a company filing with the US Securities and Exchange Commission.Additionally, the company is planning to let go of 3% of its workforce at stores and distribution centers. The Container Store: The storage and organization products store announced in May on a quarterly earnings call that it is planning to lay off roughly 15% of the staff at its support center.The layoffs will be entirely at the corporate level - none of Walgreens' store, call center, or fulfillment center employees will be affected, according to the Sun Times. Walgreens: The drugstore chain will cut 504 roles, or about 10% of its workforce, the Chicago Sun Times reported.Peloton: The fitness company plans to layoff 11 employees at its Midtown Manhattan headquarters in October as it relocates to Plano, Texas, according to a WARN notice.

The move comes as the company shifts away from hardware and focuses more on digital, app-based services.

Amyris: The biotechnology company announced it would shut down two of its beauty brands, Costa Brazil and Onda Beauty, which is expected to reduce 36 jobs, Business of Fashion reported.Funko: The maker of collectible figurines saw continued sales declines in its second quarter earnings and announced a plan to layoff 180 employees or approximately 12% of its staff.This move follows the brand's decision to close 100 stores by the end of 2022. Express: The fashion brand, which is owned by the same retailer as Bonobos and UpWest, said it would lay off 150 employees - a move that coincides with the company's larger efforts to reduce costs by $150 million by 2025.Here are the retailers who have announced layoffs in 2023: Still, so far this year, more than 30 companies have announced layoffs impacting hundreds, sometimes thousands of employees. At a store level, many retailers are actually holding tighter to workers than usual, even seasonal employees, in a practice economists call "labor hoarding." Most of the cuts so far have impacted corporate retail employees. Since the start of 2023, major retailers ranging from department stores to direct-to-consumer brands have cut staff, the latest swing in a sector that's been hit hard by labor challenges and inflation. Account icon An icon in the shape of a person's head and shoulders.
