US EditionBurberry 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.
128 Articles
128 Articles
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.
Burberry warns staff jobs will not be safe if they work at certain time of day
BURBERRY has pinned its revival on “timeless British luxury”, while telling staff their jobs will not be safe if they work at a certain time of day. The fashion house yesterday said it would be culling 1,700 jobs as part of a radical cost-cutting strategy in the face of losses and slumping sales. InstagramFashion house Burberry have told staff their jobs will not be safe if they work at a certain time of day – pictured Rosie Huntington-Whiteley …
The luxury fashion company Burberry cuts 1,700 jobs.
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…
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