Hudson’s Bay Layoffs: Niraj Choksi on Team Legacy, Restructuring & Leadership Wisdom
Saturday, May 31, 2025
Hudson’s Bay to Reportedly Lay Off Over 8,300 Employees as Stores Shutter
Published on NirajChoksi.com | Business & Leadership Insights
In a move shaking the North American retail landscape, Hudson’s Bay Company (HBC)—one of the oldest and most iconic department store chains—is reportedly laying off over 8,300 employees as part of widespread store closures. While full details are still emerging, this decision reflects the mounting pressures on traditional retail amid shifting consumer behavior, rising operational costs, and the rapid acceleration of e-commerce.
Founded in 1670, Hudson’s Bay has stood as a symbol of legacy retail for centuries. Yet even this deeply rooted institution is now undergoing a painful restructuring to stay afloat in today’s economic turbulence.
