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As Retailers Struggle, Layoffs Follow

September 29, 2020

Via: Forbes
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There is no doubt that many retailers have tried to keep their associates on the payroll. These employees worked well as a team, knew the culture of their company, and had loyal customers who returned to them for service and advice.

But during the Covid-19 pandemic, things have changed and most recently companies like Macy’s M -5.2%, Kohl’s KSS -5.3% and Neiman Marcus and others dismissed long-term associates who have been loyal team members for some time.

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