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…
'Put Him In Jail': Man Who Fled To UK After Causing Wrong-Way Crash In Blauvelt Learns Fate
A man from the United Kingdom who fled the United States using his twin brother’s passport after causing a serious wrong-way crash in Rockland County that injured multiple people, including children, has been released at the same time as being sentenced, prosecutors announced.
Thomas Robb, 22, was sentenced on Thursday, May 1, in Rockland County Court to 364 days in jail on each count of an 11-count indictment, with all sentences to run concurrently, according to Rockland County District Attorney Thomas E. Walsh II.
Since he has already served his prison time, he was released, the DA'…
