job cuts news and archive

Rent the Runway reveals restructuring plan cutting 24 percent of corporate employees

Rental platform Rent the Runway (RTR) has unveiled a significant restructuring plan as part of its Q2 financial report which will see total reductions of approximately 24 percent of corporate employees. Next to further plans to reorganise functions and reallocate resources, the overall strategy hopes to help the company reduce costs, streamline...

Business

Debenhams gets court approval to close stores and cut jobs

Debenhams has received U.K. High Court approval that will allow the company to shut stores and cut jobs, according to reports. The company will go ahead with its plans for a company voluntary arrangement that will allow the company to close 22 of its least profitable stores and slash rents on more than 100 outlets. The plans will put 1,200 jobs...

Retail

Employees at Lanvin afraid of potential jobs cuts following sales dip

London - It seems as if French fashion house Lanvin has yet to complete a full turnaround following the appointment of its new creative director Bouchra Jarrar. Staff at Lanvin are said to be waiting in fear for a fresh wave of job cut following news that the brand’s new creative head was unable to boost sales out of the red in 2016, according...

Business

Yahoo opens door to deal, unveils big job cuts

Yahoo on Tuesday said it is cutting 15 percent of its workforce and narrowing its focus as it explores "strategic alternatives" for the future of the faded Internet star. The announcement, coming with the release of a big quarterly loss, offered the first sign that Yahoo may be open to a sale or merger after years of struggling to regain its...