Canada Goose to cut 17% of its corporate workforce, following string of retail layoffs
Publishing timestamp: 2024-03-26 11:28:17
Summary
Canada Goose to cut about 17% of its corporate workforce, following other retailers in laying off employees due to consumer spending pullback. Shares fell 3% on news, as company aims to achieve efficiency and margin expansion. Several retailers have announced layoffs in recent months as they focus on profitability amidst slowdown in demand for discretionary items.
Sentiment: NEGATIVE
Tickers: ETSY, M, NKE, HAS, GOOS-CA, W, UAA, GOOS,
Keywords: canada goose holdings inc, breaking news: business, etsy inc, business, wayfair inc, nike inc, under armour inc, retail industry, macy's inc, hasbro inc, business news, layoffs,
Source: https://www.cnbc.com/2024/03/26/canada-goose-to-cut-17percent-of-its-corporate-workforce.html