Fashion retailer Gap is set to sack around 1,800 employees as an attempt to cut costs and streamline operations, the company has said today.
Upcoming job cuts were first revealed on Tuesday, April 25, with roles at headquarter locations, upper field positions and workers including regional store leaders with leadership titles outside a headquarter office set to be impacted.
In a statement, interim CEO Bobby Martin said the redundancies are expected to create an annual saving of around $300 million. He said they are "taking necessary actions" to "reshape" Gap "for the future".
