Thursday, January 24, 2008

Are Layoffs Imminent in Retail?

According to the Wall Street Journal, the retailer, Chico, has frozen hiring on back-office positions this month. The article said the CFO “is taking a hard look at other openings that managers were seeking to fill and is also taking a look at existing positions in certain parts of the back-office.” Are layoffs imminent in retail? Or, will the hiring freeze protect existing employees from layoffs? Stay tuned.

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