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Gap plans to lay off 1,800 employees across its workforce in an effort to streamline operations and cut costs
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Gap plans to lay off 1,800 employees across its workforce in an effort to streamline operations and cut costs

Views: 0     Author: Site Editor     Publish Time: 2023-06-01      Origin: Site

Gap plans to lay off 1,800 employees across its workforce in an effort to streamline operations and cut costs.

The cuts will affect employees at headquarters and those in“upper field”roles, or workers who hold leadership titles outside of a headquarters office.

The layoffs will“release untapped potential”across Gap’s brands—its namesake line, Old Navy, Banana Republic and Athleta, interim CEO Bob Martin said.

Gap will lay off about 1,800 employees, more than three times as many as the 500 layoffs it announced in September, as part of a broad effort to cut costs and streamline operations, the company said Thursday.


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