Ralph Lauren cutting 15% of jobs as it eyes online retailing
As Covid-19 changes the way people shop, the top-end clothier says the move may realise as much as $200m in annual savings
22 September 2020 - 17:13
New York — Ralph Lauren is trimming its workforce as the apparel maker accelerates plans to shift to more online sales.
The cuts will total 15% of its workforce, or about 3,700 workers, according to a person familiar with the plans. The jobs are expected to be eliminated by the end of its fiscal year, which concludes at the end of March...
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