Canada Goose said Tuesday it will cut about 17% of its corporate workforce as consumers continue to pull back on discretionary spending.
Canada Goose will cut about 17% of its corporate workforce, which included about 915 employees as of April 2023.
Between April 2021 and April 2023, Canada Goose nearly doubled its corporate workforce to support its growth, according to a securities filing.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyIt's not clear how many employees will be laid off.
"We are focused on achieving efficiency and margin expansion, while investing in key initiatives – brand, design and best-in-class operations – that will powerfully position our iconic performance luxury brand to deliver long-term growth," Reiss said.
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