Canada Goose, the renowned luxury outerwear brand, has joined a growing list of retailers implementing layoffs amid a challenging retail landscape characterized by a pullback in consumer spending. On Tuesday, the company disclosed plans to reduce its corporate workforce by approximately 17%, citing the need to realign resources to support its future growth initiatives.
The extent of the layoffs remains unspecified, although they are expected to impact employees at Canada Goose's corporate headquarters, which boasted a workforce of about 915 individuals as of April 2023. Notably, the company had nearly doubled its corporate headcount over the past two years in a bid to bolster support for its expanding operations.
