H&M to cut 1,500 jobs amid tough retail conditions

H&M Berlin

Fashion giant H&M is to axe 1,500 roles as it seeks efficiencies and consumers watch their spending as the cost-of-living crisis bites.

H&M, which has almost 5,000 stores in 77 markets and employs 155,000 people, revealed the job losses as part of a programme underway to rein in costs and enhance efficiency.

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