Gap is cutting about 500 corporate jobs, or some 5% of headquarters staff, say people familiar with the matter
Gap has endured years of slumping sales at its flagship brand, and its job cuts follow corporate layoffs at other companies.Updated Sept. 20, 2022 12:11 pm ET
Gap Inc. is eliminating about 500 corporate jobs, according to people familiar with the matter, moving to reduce expenses at the apparel retailerThe jobs are mainly at Gap’s main offices in San Francisco and New York as well as in Asia, the people said. The company is laying off staff and eliminating positions that are currently open across a range of departments. Some employees have been notified of the layoffs in recent days, the people said.
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