Brazil · Retail Key Facts —The cuts: the Grupo Mateus layoffs have shed about 6,673 jobs since December 2025, trimming the workforce from roughly 47,900 to 41,200, or close to 14%. —Stores closed: the retailer shut 28 underperforming units, concentrated in the northern and northeastern states of Maranhao, Para, Piaui, Ceara, Sergipe and Bahia. —Revenue […]The post Grupo Mateus Cuts 6,600 Jobs and Shuts 28 Stores to Save Margins appeared first on The Rio Times.