Levi Strauss plans to cut at least 10% of its global corporate workforce in restructuring
Publishing timestamp: 2024-01-26 10:00:47
Summary
Levi Strauss plans to lay off 10% to 15% of its global corporate workforce as part of a restructuring. The job cuts are expected to take place in the first half of the year and could affect up to 15% of corporate employees. The company reported weaker-than-expected fiscal fourth-quarter earnings and forecasted weaker sales for the fiscal year ahead. The cost-cutting measures come as Levi's President is expected to succeed the CEO.
Sentiment: NEGATIVE
Tickers: LEVI,
Keywords: business news, breaking news: business, levi strauss & co, business, layoffs,