In 2026, 8 retail companies have cut a combined 4,208 jobs, averaging 0.5% of workforce per company.
Retail layoffs in 2026 reflect a sector caught between e-commerce pressure, changing consumer behavior, and corporate restructuring. From Home Depot's RTO-driven cuts to Macy's store closures, retailers are rethinking both their physical and organizational footprints.
| Company | People Cut | % of Workforce | Date | Category |
|---|---|---|---|---|
| Macy's | 1,000 | 1% | RESTRUCTURE | |
| IKEA (Ingka Group) | 800 | 0.5% | RESTRUCTURE | |
| Home Depot | 800 | 0.2% | RESTRUCTURE | |
| Nike | 775 | 1% | AI-DRIVEN | |
| Target | 500 | 0.1% | RESTRUCTURE | |
| Walgreens | 159 | 0.1% | MERGER | |
| Walmart | 100 | 0.0% | RESTRUCTURE | |
| Saks | 74 | 0.9% | COST CUT |