Carter’s to Reduce Office Workforce by 15% as Tariffs Hit Earnings
NegativeFinancial Markets

Carter's has announced a significant reduction in its office workforce by 15%, which translates to around 300 job cuts, alongside plans to close about 150 stores in North America. This decision comes as the company grapples with the financial impact of tariffs that have negatively affected its earnings. The move highlights the ongoing challenges faced by retailers in adapting to economic pressures, and it raises concerns about job security in the retail sector.
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