Global Scans · Retail · Weekly Summary

• [New] Verizon plans to cut 15,000 jobs to reduce costs as the U.S. telecommunications company struggles to retain new customers, keep pace with competitors and shift more of its retail stores to a franchising model. Blavity News & Entertainment
• Amazon has announced it will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere. Australian Broadcasting Corporation
• Total retail seasonal hiring is expected to fall below 500,000 jobs in the fourth quarter of 2025. Aura
• If all 400 at-risk stores were to close, up to 100,000 jobs could be lost and local councils' business rates receipts from retail would fall by 'well over' £100 million a year. This is Money
• By 2050: Automation or transformation could affect 60-80% of jobs, impacting sectors like healthcare, finance, and retail, corresponding to 26% of global GDP ($15.7 trillion). Complete AI Training
• 65% of retail jobs could be automated by 2025, creating significant organizational challenges beyond pure technology implementation. Acticsledge
• In the next fifteen years most retail transactions will be automated and 5 million retail jobs lost. Reason and Meaning
• On Thursday, the coffee giant unveiled a $1 billion restructuring plan that will shutter more than 100 North American cafes, cut 900 non-retail jobs, and remodel over 1,000 locations. Fortune

Last updated: 17 November 2025