Gap is Cutting 1,800 Jobs
As part of the company’s restructuring plan to simplify its operating model and management structure, Athleta’s parent will layoff 1,800 corporate employees at its San Francisco and New York offices, according to a regulatory filing. It will incur approximately $100-120 million in aggregate pre-tax costs, consisting of about $75-85 million in employee-related costs and another $25-35 million in other costs. The layoffs are expected to lead to $300 ... Log in to view full article.
