November 29th, 2024

Hudson’s Bay to shed 2% of corporate workforce amid ‘strategic realignment’

By The Canadian Press on January 24, 2023.

A Hudson's Bay department store in Toronto, Friday, February 25, 2022. THE CANADIAN PRESS/Nathan Denette

TORONTO – Hudson’s Bay is laying off two per cent of its corporate workforce, estimated to be about 250 employees, largely within Canada.

The company says the layoffs will impact corporate roles at The Bay and Hudson’s Bay, the retailer’s online and brick-and-mortar operations, respectively.

Spokeswoman Tiffany Bourre says the changes come as the retail sector navigates “significant external pressures.”

She says the company is “re-aligning its strategic priorities and increasing efficiencies within its operations.”

Bourre says the decision was not easy and the company is committed to treating everyone with fairness and respect.

Hudson’s Bay permanently laid off about 600 workers in Canada two years ago amid extended COVID-19 lockdowns on non-essential retail.

This report by The Canadian Press was first published Jan. 24, 2023.

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