Calvin Klein, Tommy Hilfiger Owner to Cut 4% of Workforce

PVH Simplifies, Cutting 4% of Global Workforce

PVH Corp., parent company of Calvin Klein and Tommy Hilfiger, is cutting 4% of its global workforce to simplify and scale growth opportunities.

Calvin Klein, Tommy Hilfiger owner to cut 4% of workforce

PVH Corp.'s enterprisewide initiative aims to improve productivity and long-term profitability, with a goal of achieving $100 million in cost savings during fiscal 2027.

PVH to cut around 1,040 jobs globally, targeting office-based roles

PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger, plans to eliminate approximately 1,040 jobs, or 4 per cent of its global workforce, as it looks to reduce costs and simplify its operations. The reductions will primarily affect non-customer-facing positions and account for around 12 per cent of the company’s office-based employees. The [...]