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ROSS
sr. Specialist, Accounts Payable (Expense)
Permanent · Dublin
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ESTÉE LAUDER
Keyholder - Cosmetic Company Store - 20 Hrs - Las Americas Premium Outlets - San Diego,CA
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Executive Director, Global Consumer Engagement - Bobbi Brown
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Area Manager - 3rd Shift Distribution
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Keyholder - Cosmetics Company Store - 20 Hrs - Waterloo Premium Outlets - Finger Lakes,NY
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NEWELL
Key Account Manager
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NEWELL
Associate Manager, Procurement Coe
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BALLARD DESIGNS
Stock Specialist
Permanent · DENVER
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Design Consultant
Permanent · DENVER
TIFFANY & CO
Branch Security Officer - Bal Harbour
Permanent · Bal Harbour
URBN
fp Movement Stylist
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Anthropologie Junior Art Director- Video
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Free People Movement Buyer
Permanent · PHILADELPHIA
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Free People Movement Wholesale Buying Manager
Permanent · PHILADELPHIA
By
Reuters
Published
Sep 20, 2022
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Gap eliminates 500 corporate jobs amid shrinking margins

By
Reuters
Published
Sep 20, 2022

Gap Inc is eliminating about 500 corporate jobs, the apparel chain said on Tuesday, as it struggles to protect margins and battles weak sales of outdated clothes at brands including Old Navy.


Gap



The company is laying off staff and eliminating positions that are currently open across a range of departments, it said. The eliminated roles are mainly at its offices in San Francisco, New York and in Asia.

The Wall Street Journal first reported the news.

Shares of the Banana Republic parent declined about 3% in afternoon trade, taking the year-to-date decline to 48%.

Late last month, the company withdrew its annual forecasts due to an inventory glut and weak sales.

Gap is in the middle of a CEO transition after Sonia Syngal stepped down earlier this year, and is currently led on an interim basis by Executive Chairman Bob Martin.

The company had a workforce of about 97,000 employees as of Jan. 29, with around 9% of employees working at its headquarters locations, according to a regulatory filing.

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