70-year-old furniture chain abruptly closes, no bankruptcy
Yahoo Finance·2025-12-26 16:07
There's no good time for a business to close and lay off all its employees, but an unexpected shutdown just before Christmas hits workers extra hard. "United States-based employers announced 71,321 layoffs in November," according to an analysis from outplacement firm Challenger, Gray & Christmas, found, marking a 24% increase year over year. Challenger, Gray & Christmas is a long-standing outplacement and labor analytics firm that has tracked U.S. layoffs and hiring trends for more than three decades an ...