Overview

• Burberry announced plans to reduce its global workforce by 1,700 roles, or nearly 18%, over two years as part of a £100m cost-saving initiative.
• The company reported a £66m pre-tax loss for the year ending March 2025, a sharp contrast to the £383m profit recorded the previous year, with revenue falling by 17%.
• Key cuts include the elimination of the night shift at its Castleford factory in West Yorkshire, impacting approximately 150 jobs, alongside global office and retail staffing changes.
• CEO Joshua Schulman emphasized a renewed focus on Burberry’s heritage products, particularly outerwear and scarves, which performed better than other categories during the downturn.
• Despite challenging macroeconomic conditions and declining sales in Asia and the US, Burberry remains optimistic about its turnaround strategy and long-term growth potential.