Hudson's Bay Lays Off 41 Employees Amid Retail Challenges and Restructuring Efforts

Hudson's Bay Company (HBC) has laid off 41 employees as part of its organizational restructuring, citing "challenging headwinds" in the retail industry. This move follows previous staff reductions, including a 1% workforce cut in April 2024 and additional layoffs during the summer, coinciding with the establishment of Saks Global, a new entity formed after HBC's acquisition of Neiman Marcus.

The recent layoffs are part of a broader trend in the Canadian retail sector, where companies are adapting to evolving consumer behaviors and economic pressures. For instance, in May 2024, HBC announced the closure of its only store in Regina, Saskatchewan, as part of its strategy to optimize its real estate portfolio.

These developments highlight the ongoing challenges faced by the Canadian retail industry, including the need for companies to streamline operations and adjust to changing market conditions. The resulting job losses contribute to the broader employment landscape, underscoring the importance of workforce adaptability and the need for support systems to assist affected employees.

Have you been laid off by the Hudson’s Bay Company? Contact our employment lawyers today. Our legal team offers a free consultation and works on a contingency basis—there are no fees unless you win your case.

Tara Deschamps original article, “Hudson’s Bay lays off 41 staff while citing ‘challenging headwinds’ ” was published in City News on January 17, 2025. Read the Full City News story.