![H&M is temporarily laying off H&M is temporarily laying off](https://c8.alamy.com/comp/2GJD9N6/hm-is-temporarily-laying-off-tens-of-thousands-of-employees-in-all-parts-of-its-business-due-to-poor-sales-because-of-the-coronavirus-pandemic-picture-hm-store-in-central-stockholm-sweden-on-april-02-2020-photo-fredrik-sandberg-tt-code10080-2GJD9N6.jpg)
H&M is temporarily laying off "tens of thousands" of employees in all parts of its business due to poor sales because of the coronavirus pandemic. Picture: H&M store in central Stockholm, Sweden
![STOCKHOLM 2015-01-28 Karl-Johan Persson, CEO of H&M, is seen during his presentation of the company´s financial report at the H&M head office in Stockholm, Sweden, January 28, 2014. Foto: Anders Wiklund / STOCKHOLM 2015-01-28 Karl-Johan Persson, CEO of H&M, is seen during his presentation of the company´s financial report at the H&M head office in Stockholm, Sweden, January 28, 2014. Foto: Anders Wiklund /](https://c8.alamy.com/comp/2GJ90J7/stockholm-2015-01-28-karl-johan-persson-ceo-of-hm-is-seen-during-his-presentation-of-the-companys-financial-report-at-the-hm-head-office-in-stockholm-sweden-january-28-2014-foto-anders-wiklund-tt-kod-10040-2GJ90J7.jpg)
STOCKHOLM 2015-01-28 Karl-Johan Persson, CEO of H&M, is seen during his presentation of the company´s financial report at the H&M head office in Stockholm, Sweden, January 28, 2014. Foto: Anders Wiklund /
![Shoppers pass a H&M (H & M Hennes & Mauritz AB) shop in central Stockholm on April 02, 2020. Swedish retailer H&M said on Thursday that the company have started dialogue with Shoppers pass a H&M (H & M Hennes & Mauritz AB) shop in central Stockholm on April 02, 2020. Swedish retailer H&M said on Thursday that the company have started dialogue with](https://c8.alamy.com/comp/2GJD9M5/shoppers-pass-a-hm-h-m-hennes-mauritz-ab-shop-in-central-stockholm-on-april-02-2020-swedish-retailer-hm-said-on-thursday-that-the-company-have-started-dialogue-with-with-tens-of-thousands-of-staff-about-cutting-working-hours-due-to-the-coronavirus-covid-19-pandemic-effect-on-the-market-photo-fredrik-sandberg-tt-code-10080-sweden-out-2GJD9M5.jpg)