Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries High-end outerwear company slashing nearly 1,000 corporate jobs By: FOX Business March 26, 2024 at 16:20 PM EDT Canada Goose on Tuesday revealed that about 17% of its corporate workers would lose their jobs to layoffs. The cuts coincided with the high-end outerwear company restructuring aspects of its management team. Canada Goose is shrinking its white collar headcount.The high-end outerwear company on Tuesday revealed that about 17% of its corporate workers would lose their jobs in the cuts. It amounts to approximately 915 jobs. The layoffs coincided with Canada Goose restructuring aspects of its management team. That included giving additional responsibilities to Chief Transformation Officer Daniel Binder, Brand & Commercial President Carrie Baker and Finance, Strategy and Administration President Beth Clymer, the company said.Canada Goose said the moves will "yield immediate cost savings, simplify organizational structure, accelerate decision making and increase efficiencies across our operating platform." CLICK HERE TO READ MORE ON FOX BUSINESSIt tied them to its "Transformation Program." Another measure the company said it was taking was integrating its "cross-functional" teams.The layoffs "followed a comprehensive review of the organization structure and roles needed to achieve our strategic objectives," per the outerwear company.Canada Goose said more details regarding how its "Transformation Program" will affect the company will come out in May as it publishes its fiscal 2024 full-year financial performance. At the end of its 2023 fiscal year, it reported employing a total of 4,760 workers, nearly one-fifth of which were in "corporate head offices."LAYOFFS SKYROCKETING IN 2024: HERE ARE THE COMPANIES AXING JOBS"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," CEO Dani Reiss said.The company started implementing its "Transformation Program" in the fourth quarter of its fiscal 2023 year.GET FOX BUSINESS ON THE GO BY CLICKING HEREAt the time, Reiss said it would "focus on increasing operational efficiencies by optimizing production and procurement, developing people and resources and focusing even more on our customers" to boost the company’s bottom line.It is expected to "roll out over a number of years," he said. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
High-end outerwear company slashing nearly 1,000 corporate jobs By: FOX Business March 26, 2024 at 16:20 PM EDT Canada Goose on Tuesday revealed that about 17% of its corporate workers would lose their jobs to layoffs. The cuts coincided with the high-end outerwear company restructuring aspects of its management team. Canada Goose is shrinking its white collar headcount.The high-end outerwear company on Tuesday revealed that about 17% of its corporate workers would lose their jobs in the cuts. It amounts to approximately 915 jobs. The layoffs coincided with Canada Goose restructuring aspects of its management team. That included giving additional responsibilities to Chief Transformation Officer Daniel Binder, Brand & Commercial President Carrie Baker and Finance, Strategy and Administration President Beth Clymer, the company said.Canada Goose said the moves will "yield immediate cost savings, simplify organizational structure, accelerate decision making and increase efficiencies across our operating platform." CLICK HERE TO READ MORE ON FOX BUSINESSIt tied them to its "Transformation Program." Another measure the company said it was taking was integrating its "cross-functional" teams.The layoffs "followed a comprehensive review of the organization structure and roles needed to achieve our strategic objectives," per the outerwear company.Canada Goose said more details regarding how its "Transformation Program" will affect the company will come out in May as it publishes its fiscal 2024 full-year financial performance. At the end of its 2023 fiscal year, it reported employing a total of 4,760 workers, nearly one-fifth of which were in "corporate head offices."LAYOFFS SKYROCKETING IN 2024: HERE ARE THE COMPANIES AXING JOBS"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," CEO Dani Reiss said.The company started implementing its "Transformation Program" in the fourth quarter of its fiscal 2023 year.GET FOX BUSINESS ON THE GO BY CLICKING HEREAt the time, Reiss said it would "focus on increasing operational efficiencies by optimizing production and procurement, developing people and resources and focusing even more on our customers" to boost the company’s bottom line.It is expected to "roll out over a number of years," he said.