Media & Telecom
- Sweden's H&M to lay off 1,500 staff in drive to cut soaring costs and rescue profitsRetail & Consumer ·
November 30, 2022 · 2:38 PM UTC· undefined ago
Swedish fashion giant H&M on Wednesday became the first big European retailer to start laying off staff in response to the cost of living crisis despite a still tight labour market, as it tries to save 2 billion Swedish crowns ($190 million) a year.
- BusinessYahoo eyes retail stock trading in growth push - Axios
Yahoo plans to add retail stock trading and enter new commerce and transaction businesses such as sports betting in a move to boost its revenue, news website Axios reported on Tuesday citing an unnamed company source.