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H&M is cutting 1,500 jobs in cost reduction move

AP News 11/30/2022

H&M is cutting 1,500 jobs as part of a global plan to reduce costs and improve efficiency. The retailer expects to save about $190 million annually as a result of its actions. CEO Helena Helmersson said the company was aware of the human costs behind its decision and that H&M “will support our colleagues in finding the best possible solution for their next step.”

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