Levi Strauss to cut 700 jobs
Levi Strauss & Co on Tuesday cautioned its business would be hit in the second half of the year, even as the denim apparel maker`s sales have been improving at its reopened stores, following government-mandated COVID-19 lockdowns.
The company also said it would cut about 700 positions, or roughly 15% of its workforce, in non-retail, non-manufacturing segments that would help it save $100 million annually. Photo: Reuters