Levi's lays off 15% of corporate staff
COVID-19 has hit everyone hard, and even the biggest names in the business have not been spared. Levi Strauss & Co recently announced that they have cut 15% of the corporate workforce worldwide due to a massive decline in sales due to the pandemic. 700 office jobs have been slashed, which won't affect employees at stores or factories. These cuts will help the San Franciso based brand save around $100 million a year. Read the details here.
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