Thread regarding H&M layoffs

H&M Massive Store Closures & Layoffs (updated 3/24/2020)

  • 70% of the stores is closed globally - 3,441 of its 5,062 - this is as of 3/24/2020
  • March will be the worst month on record
  • Sales keep dropping
  • Will cut costs
  • Will have layoffs, furloughs

https://www.cnbc.com/2020/03/23/fashion-retailer-hm-weighs-tens-of-thousands-of-job-cuts-because-of-coronavirus.html

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