Burberry to Cut 20% of Workforce in Loss Turnaround Plan

As part of a turnaround plan that began with the appointment of CEO Josh Schulman in 2024, Burberry may cut as many as 1,700 jobs, translating to about 20% of its workforce. On Wednesday, Burberry presented a cost savings plan aimed at a gain of 100 million pounds by fiscal 2027. The efforts were outlined as the company posted an operating loss of 3 million pounds in fiscal year 2025, per a report from WWD. Read more at Hypebeast.