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Burberry Plans to Cut 1,700 Jobs to Tackle Luxury Slump

On May 13, 2025, Burberry announced plans to cut 1,700 global jobs as part of cost-saving measures amid its ongoing turnaround.
Burberry's workforce reduction follows a 12% sales decline for the fiscal year and a difficult macroeconomic environment worsened by geopolitical uncertainty.
The group reported a 17% revenue drop to £2.46 billion and a net loss of £75 million for the year, while also flagging weaker demand in Asia and Europe.
Chief executive Joshua Schulman, appointed in July, said they operate against a "difficult macroeconomic backdrop" but remained "more optimistic than ever" about Burberry's future.
Burberry expects the job cuts and savings of £60 million by 2027 to help the embattled luxury brand reduce costs and boost sales during its early-stage turnaround.

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Toronto Sun

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Burberry sheds jobs, handbag bling as CEO returns to roots

Burberry’s new boss is calling time on the British fashion label’s decade-long attempt to join the upper ranks of global luxury.

2 days ago·Toronto, Canada

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Benzinga

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Workhorse To Cut Workforce As Shares Slides After Q1 Miss - Workhorse Gr (NASDAQ:WKHS)

Workhorse plans workforce cuts and aims to reduce monthly cash burn after a rough first quarter earnings report.

2 days ago·New York, United States

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romaniatv.net

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Wave of layoffs at a famous fashion house. Bosses decided to cut 1,700 jobs after dramatic drop in sales

British fashion house Burberry is making mass layoffs, in a dramatic restructuring move aimed at combating declining sales and relaunching the brand. The article Wave of layoffs at a famous fashion house. Bosses have decided to cut 1,700 jobs after the dramatic drop in sales appeared first on Romania TV.

2 days ago

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Deutschlandfunk

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Luxury fashion manufacturer - Burberry announces further austerity and deletion of 1,700 jobs

The luxury fashion company Burberry cuts 1,700 jobs.

3 days ago·Germany

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El Tiempo Latino

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Burberry makes waves: Job cuts and focused strategy

The British luxury brand Burberry has positioned itself strongly in the headlines after announcing a plan that will shake its internal structure. On Wednesday, its shares skyrocketed by 16% in the London market, a reaction that emerges after the company’s decision to cut approximately 1,700 jobs worldwide by fiscal year 2027. This movement is part of its current restructuring strategy, focused on iconic products such as scarves and raincoats. Mo…

3 days ago

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Telesur

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Burberry to Lay Off 1,700 Employees Due to the Global Luxury Slowdown - teleSUR English

After a strong post-pandemic recovery, demand has eased amid economic uncertainty and inflation. On Wednesday, British luxury brand Burberry warned it could cut up to 1,700 positions worldwide over the next two years, after reporting a 75 million British pounds (US$99.7 million) annual loss for the year ended March 29. RELATED: The U.S. and China Agree to Reduce Tariffs for 90 Days The company’s annual report outlines a new cost-saving program t…

3 days ago·Caracas, Venezuela, Bolivarian Republic of

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