Retail job cuts rise 20% in January

That's on top of meaningful cuts in December and comes as online shopping and automation have reshaped job skills, Challenger, Gray & Christmas found. After a meaningful spike in retail job cuts in December, the industry saw 6,419 job cuts in January. That's up 96% month over month and up 20% year over year, outplacement firm Challenger, Gray & Christmas said in a recent report.