Overview

• Canada Goose announces a 17% reduction in its global corporate workforce, impacting approximately 915 employees.
• The layoffs are part of the company's ongoing Transformation Program, aimed at improving efficiency and reducing costs.
• Unseasonably warm weather and a challenging retail environment have contributed to the decision.
• The company is realigning its teams to focus on key initiatives such as brand, design, and operations.
• Canada Goose expects immediate cost savings and increased efficiencies from the layoffs.