Canada Goose cuts 17% global workforce due to sales slowdown and decreased consumer spending.

Luxury parka retailer Canada Goose is cutting 17% of its global corporate workforce due to a slowdown in sales and decreased consumer spending. The company's job cuts follow two quarters of single-digit sales growth after previous periods with over 20% increases. CEO Dani Reiss explained that the layoffs aim to position the Toronto-based business for more efficient scaling and growth, focusing on key brand, design, and operational initiatives.

March 26, 2024
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