Canada Goose Cuts 17% of Corporate Workforce Amid Transformation Program
The luxury outerwear brand aims for efficiency and cost reduction in response to challenging market conditions.
- 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.