Canada Goose parkas are prominently displayed at a store in Richmond Hill, Ontario, as captured by Chris So for Toronto Star via Getty Images. The company announced on Tuesday that it will be reducing its corporate workforce by approximately 17%, joining a growing list of retailers making similar moves due to decreased consumer spending. The exact number of employees affected by the layoffs is not yet known, but it will impact the staff at Canada Goose’s corporate headquarters, which had around 915 employees as of April 2023. During the two-year period from April 2021 to April 2023, the company nearly doubled its corporate head office staff from 544 to 915 to support its expanding operations.
CEO Dani Reiss stated, “Today, we are realigning our teams to ensure that corporate resources are fit for purpose to fuel our next phase of growth across geographies, categories, and channels.” The company’s focus is on achieving efficiency and margin expansion, as it navigates the changing retail landscape.
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Source: CNBC
Date: 2024-03-26 15:31:34