Gap Inc. is planning to lay off hundreds of corporate workers in a bid to make the company “more nimble and less bureaucratic,” The Wall Street Journal...
Gap Inc. GPS is planning to lay off hundreds of corporate workers in a bid to make the company “more nimble and less bureaucratic,” The Wall Street Journal reported Tuesday, citing people familiar with the matter. The cuts would go deeper than layoffs in September, which affected mostly corporate jobs in New York and San Francisco, the newspaper said. The retailer in March forecast falling sales and said it would cut executives and thin out its layers of management to control costs.
GPS is planning to lay off hundreds of corporate workers in a bid to make the company “more nimble and less bureaucratic,” The Wall Street Journal reported Tuesday, citing people familiar with the matter. The cuts would go deeper than layoffs in September, which affected mostly corporate jobs in New York and San Francisco, the newspaper said. The retailer in March forecast falling sales and said it would cut executives and thin out its layers of management to control costs.
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WSJ News Exclusive | Gap Plans to Lay Off Hundreds of Corporate Workers in New Round of CutsGap is eliminating hundreds of jobs from its global workforce as part of a broad restructuring aimed at making the company more nimble and less bureaucratic
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