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Burberry to cut 20% of workforce
Mint Mumbai
|May 15, 2025
Burberry Group Plc plans to cut almost a fifth of its workforce as its new chief executive officer (CEO) tries to turn around the British trenchcoat maker, after its push into high fashion flopped amid slumping global demand for luxury goods.
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The London-based company plans an additional £60 million ($80 million) of savings in the next two years, affecting as many as 1,700 roles—18% of its global workforce. The savings are on top of the £40 million set out by CEO Joshua Schulman in November.
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