Levi Strauss slashing corporate jobs, looking to go upscale under new CEO Michelle Gass
Levi Strauss Co. on Thursday said it expects annual sales and profits to fall short of Wall Street expectations and will cut 10 to 15 percent of its global workforce as the denim maker seeks to control costs amid a weak wholesale business. Levi attributed the weak outlook to the company's withdrawal from the Denizen […]
Macy’s slashing over 2K jobs, closing five stores amid pressure to go private
Department store chain Macy's will cut 2,350 jobs and close five stores as it seeks to streamline its operations, a company spokesperson told Reuters on Thursday. The layoffs represent 3.5% of Macy's total workforce. As of January 2023, the company operated 722 stores and employed 94,570 full-time and part-time employees, excluding seasonal employees. Reuters reported […]