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flag Hudson's Bay to lay off over 8,300 workers and close stores, shifting focus to e-commerce.

flag Hudson's Bay, a major retail company owning brands like Saks Fifth Avenue, will lay off over 8,300 workers and close multiple stores by June 1st. flag The layoffs and store closures are due to financial challenges, including the impact of the COVID-19 pandemic and increased competition from online retailers. flag The company plans to focus on its e-commerce business going forward.

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