Luxury fashion house Burberry has announced plans to cut nearly a fifth of its global workforce, impacting approximately 1,700 jobs over the next two years. The cost-cutting measure aims to bolster profitability and streamline operations.
The majority of the cuts will target office-based roles globally, with the UK headquarters expected to bear the brunt of the reductions due to its larger employee base. Retail positions will also be affected, with shift pattern adjustments planned to align staffing with peak demand periods.
