The New York-based fashion house, Ralph Lauren Corp., is to cut 15% of its global workforce by the end of 2020 as the luxury retailer strives to lower costs and bear the impact of COVID-19 on sales and shopping habits. The fashion house that has 530 stores globally, with a total workforce of about 24,900 employees, plans to move more business online. The changes could impact more than 3,700 employees across.
Interested in Intellizence Layoffs, Downsizing, Furloughs Dataset?
Intellizence tracks the latest layoff, downsizing, employee termination, furlough announcements from multiple news and regulatory filings. Following is the highlight of a few major layoffs of the day. Available through API and Web platform.
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