DIpil Das
- Against the backdrop of ongoing health risks, growing e-commerce trends and rampant retail bankruptcies, holiday hiring patterns this season underwent a radical transformation.
- On a comparable basis, Coresight Research had tracked a 19.8% year-over-year decline in total holiday hiring by retailers and allied sectors such as logistics companies that have announced hiring plans this year.
- Department stores drove the bulk of the decline, with Macy’s cutting seasonal hires to a little below 38,000 this year from 80,000 in 2019.
