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Burberry Laying Off 1,700 Workers As High-End Fashion Designer's Sales Plunge
Burberry is cutting more than 1,500 jobs worldwide after the British luxury fashion brand saw a steep drop in profits.
The company will lay off about 1,700 workers by 2027, Burberry said in an earnings report on Wednesday, May 14. The job cuts are part of a broader restructuring plan, aiming to save 100 million British pounds.
The cuts will come from operational expenses, including procurement, real estate, and staffing. Burberry said the changes are "subject to consultation where applicable."
The layoffs follow a difficult year for Burberry, which reported a 94% drop in adjusted oper…
ESPN Launching Streaming App With Live Games, Full Channel Lineup: Here's What It Costs
For the first time, sports fans can get ESPN's full TV network lineup without cable through a new standalone streaming service.
ESPN announced the pricing and details of its new direct-to-consumer platform on Tuesday, May 13. The app, simply called ESPN, will feature more than 47,000 sporting events each year, along with SportsCenter and the network's vast content library.
Unlike ESPN+, the new ESPN app will offer many channels without a cable subscription, like ESPN, ESPN2, ESPNU, ACC Network, and SEC Network. The unlimited package, which does include ESPN+ content, will cost $29…
