Layoffs - Truenewj

127-year-old retailer confirms more cuts in 2026

amefika2 months ago05 mins

Widespread store closures are quickly becoming the norm across the global retail industry, with thousands of locations closing at an unprecedented rate. While the decline of physical stores has played a major role in job losses, another force accelerating change is the rapid adoption of advanced technology and artificial intelligence (AI). Retailers are increasingly restructuring…

Prada ‘zero tolerance’ supply chain investigation results in 200 suppliers fired

amefika4 months ago02 mins

According to the Financial timesSince 2020, the Milan-based company has carried out more than 850 on-site inspections among its Italian suppliers and subcontractors, including night surveillance outside the subcontractors’ factories. More than a quarter of inspections resulted in dismissals. In its audit, it found evidence of serious violations of labor law, including the presence of…