Canada Goose to cut 17% of its corporate workforce, following string of retail layoffs [CNBC]
Under Armour, Inc. Class C (UA)
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Source: CNBC
It is not clear how many employees will be laid off. The cuts will affect staff at Canada Goose's corporate headquarters, which had about 915 employees as of April 2023, according to a securities filing. Between April 2021 and April 2023, Canada Goose nearly doubled the number of employees at its corporate head offices from 544 to 915 to support its “continued growth,” the filing says. In a statement Tuesday, CEO Dani Reiss said, “Today, we are realigning our teams to ensure that corporate resources are fit for purpose to fuel our next phase of growth across geographies, categories, and channels.” “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. The cuts, part of the company's ongoing “Transformation Program,” come after what it called a “comprehensive review” of its organizatio
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