Massachusetts

Mass.-Based TJX Reports Trimmed-Down Workforce

Chip Somodevilla/Getty Images

Retail giant TJX, which owns stores including TJ Maxx and Marshalls, trimmed its workforce over the past year, according to a report filed with federal regulators this week.

The Framingham, Massachusetts-based company, reported in its annual report to the Securities and Exchange Commission having 329,000 employees this year, down 3% from last year, as The Boston Globe first reported.

STAY IN THE KNOW

icon

Watch NBC10 Boston news for free, 24/7, wherever you are.

icon

Get Boston local news, weather forecasts, lifestyle and entertainment stories to your inbox. Sign up for NBC Boston’s newsletters.

While the workforce shrunk, the company added stores and reported an increase in revenue, to $50 billion, for the fiscal year that ended in January.

“With our flexible, off-price business model, the number of Associates we employ may fluctuate from time to time. While a number of factors influence our hiring, as we reopened our stores and distribution centers after the height of the COVID-19 pandemic, we hired many more Associates than usual to help support our enhanced health and wellness practices. In 2022, we did not refill positions of many part-time and seasonal Associates as they left the company, and reverted our headcount closer to pre-pandemic levels.” the company told NBC10 Boston in a statement.

Contact Us