While the pandemic’s effects weren’t felt as broadly as in recent years, retailers faced a new set of challenges this holiday season.
Holiday hiring for some companies was lower than in years past, including Macy’s, which announced plans to hire around 38,000 full- and part-time seasonal positions, down from 41,000 last year and 76,000 in 2021. On top of that, many companies have turned to layoffs during the busiest time of year as a way to cut costs, including Etsy, Saks and REI.
