H&M’s Huge Haircut: 1,500 Jobs Lost, 800M Krona Rewrite
In a move that would shock even the most fashion‑savvy auditors, H&M, the global second‑largest apparel powerhouse, announced that it will prune a whopping 1,500 positions from its workforce. The Swedish giant is also snapping up a €800 million (S$104 million) restructuring charge this quarter.
The Numbers that Don’t Rhyme
- • Cost‑cutting sprint: slide down 2 bn Swedish crowns/year (budget‑cleanup)
- • Job cuts: 1,500 employees to be let go (make‑or‑break, folks)
- • Restructuring kitty: 800 M crowns earmarked for overhaul (big splash)
Helena Helmersson: The Manager with the Mountain‑High Compassion
“This is a cost and efficiency program that affects our people,” Bohemian‑style CEO Helena Helmersson said, signalling the seriousness of the layoffs. “We will help our colleagues find the next great opportunity.”
While the announced figure might look like a serious corporate spreadsheet, H&M’s intention is to get back into the groove of shared savings and maintain its fashion edge.
What Will This Mean?
- • Employees: both full‑time and part‑time staff face a reshuffling of roles.
- • Company: the restructuring charge will keep the brand healthy, opposed to the hottest trends of 2025.
- • Future: next steps for displaced employees will be gathered, explained, and hopefully, incongruous with old trends.
In short: H&M shakes up the house, Bella, so the clothes can fit nicely again. Stay tuned for future style updates and make‑or‑break choices.
