British retailer Burberry to cut 1,700 jobs amid difficult backdrop

1 month ago 3
facade of Burberry retail store with customers

Robert Way/iStock Editorial via Getty Images

  • Burberry (OTCPK:BURBY) (OTCPK:BBRYF) plans to slash 1,700 jobs globally as part of a cost-cutting drive led by CEO Joshua Schulman, amid an uncertain macroeconomic environment in light of geopolitical developments.
  • The company expects the proposed changes to unlock an additional £60 million

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