H&M Slashes 1,500 Jobs in Cost-cutting Effort
Images Retail|January 2023
H&M will reduce its workforce by 1,500 positions as part of its previously announced cost-cutting program.
H&M Slashes 1,500 Jobs in Cost-cutting Effort

The program overall will save the Swedish fast-fashion retailer 2 billion Swedish Krona ($188 million at press time) each year, according to a company press release.

The savings from its cost cuts are expected to show up in the second half of 2023, the company said. The contribution from the workforce downsizing is unclear.

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