Bed Bath & Beyond makes 'incredibly difficult' decision to axe 2,800 jobs


The department store’s CEO said the cuts were critical to rebuild the foundation of the business, which has been impacted due to Covid-19

Image: Mike Mozart

Image: Mike Mozart

Bed Bath & Beyond, the US department store retailer, has axed 2,800 jobs from its corporate HQ and retail stores.

The seller of home, beauty and lifestyle products said the redundancies were necessary in order to reduce the cost of the business.

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With the realignment, it aims to generate future pre-tax cost savings of...

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