Hiring Plans Remain Low
Top retailers that announced job cuts in 2025 so far include Nike, Walmart, and the Procter & Gamble Company, notes Retail Dive.
Job cuts aren’t the full picture, but adding in hiring plans doesn’t make that picture much rosier. Through May, employers in the US have announced plans for 79,741 hires. That’s up from the 50,833 hires announced during this time period last year, but it’s historically low compared to pre-pandemic numbers.
“The current 2025 hiring pace is more aligned with 2012 (50,194 YTD) and 2013 (180,012 YTD) than with the rebound years of 2021–2022, suggesting that, while companies are adding workers, they are doing so cautiously,” Challenger said in the report.
