Nearly 1,800 Retail Employees Lost Their Jobs At 4 Major Companies This Week

Since Monday, nearly 1,800 total positions were eliminated across four major companies — Jetblack, Wayfair, Kohl’s, and Barneys — in retail. These workers join a growing legion of retail employees who continue to be axed en masse from major companies, despite the US unemployment rate reaching a 50-year low in 2019. While the challenges plaguing these companies are nuanced, the cuts represent a wide cross section of the issues affecting both traditional retailers and e-commerce companies alike, as they struggle to keep up with the fickle whims of consumers. Read more at Business Insider.