San Francisco-based Gap Inc. disclosed Thursday that it was laying off 1,800 employees from its headquarters and its “upper field” workforce as part of a...
San Francisco-based Gap Inc. GPS disclosed Thursday that it was laying off 1,800 employees from its headquarters and its “upper field” workforce as part of a restructuring plan that includes simplifying its operations and decreasing management layers. The apparel retailer’s stock gained 0.6% in premarket trading. The layoffs represent 1.9% of the 95,000 employees that company had as of Jan. 28.
GPS disclosed Thursday that it was laying off 1,800 employees from its headquarters and its “upper field” workforce as part of a restructuring plan that includes simplifying its operations and decreasing management layers. The apparel retailer’s stock gained 0.6% in premarket trading. The layoffs represent 1.9% of the 95,000 employees that company had as of Jan. 28.
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