Hudson's Bay has announced it is eliminating 2,000 jobs throughout North America to help offset various challenges it's facing within the retail sector.
The majority of the job losses will be based in the United States from the head office to the department store floor.
They will also be across all banners, representing about four per cent of its workforce in Canada and the U-S.
The retail giant says the layoffs are intended to save $350 million a year by 2019.
The announcement came as H-B-C released its first-quarter earnings, which showed a net loss of $221 million , more than double the $97 million loss it had in the same period last year