Fashion giant Burberry slashes 1,700 jobs, says strategic shift to boost performance

Quick Summary:

Burberry is set to reduce its global workforce by 1,700 employees as part of a cost-saving initiative led by CEO Joshua Schulman to revitalize the brand.

This decision follows a period of underperformance and a shift back to focusing on heritage staples like trench coats and scarves.

The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaAustraliaAzerbaijanGermanyOmanTurkey

Topics: Burberry layoffs Burberry strategic shift Burberry financial results Burberry CEO Joshua Schulman Burberry job cuts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 18:42:00 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 897 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28709246

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About Times of India

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Official Website: timesofindia.indiatimes.com

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