(Toronto) The Hudson’s Bay Company announced on Tuesday the layoff of 2% of its workforce, or about 250 employees, mainly in Canada.
The large retailer explained that these layoffs would have an impact on the positions of its e-commerce activities and in its physical stores.
Spokesperson Tiffany Bourre said the changes come as the retail industry navigates under “significant external pressures.”
She added that the company was “realigning its strategic priorities and increasing the efficiency of its operations”.
Mme Bourre said the decision was not easy and the company is committed to treating everyone fairly and with respect.
Hudson’s Bay laid off about 600 workers in Canada two years ago as pandemic lockdowns forced the prolonged closure of non-essential retail businesses.