LindaIkejisBlog
Burberry is cutting approximately 1,700 jobs worldwide, about 18% of its global workforce, in an effort to reduce staff costs and return to profitability. This move comes as the luxury fashion brand faces challenges, including a decline in sales and waning appeal among younger consumers. The retailer said it was upping its cost-cutting target to 100million of savings per year by the 2027 financial year. …
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Burberry to axe 1,700 jobs globally in bid to cut costs
13
14:24
Burberry is cutting approximately 1,700 jobs worldwide, about 18% of its global workforce, in an effort to reduce staff costs and return to profitability. This move comes as the luxury fashion brand faces challenges, including a decline in sales and waning appeal among younger consumers. The retailer said it was upping its cost-cutting target to 100million of
