Ralph Lauren to cut workforce and focus on online sales – Reuters

FILE PHOTO: A security guard stands outside the Ralph Lauren store during the outbreak of the coronavirus disease (COVID-19), in Beverly Hills, California, U.S., July 30, 2020. REUTERS/Mario Anzuoni(Reuters) – Luxury apparel maker Ralph Lauren Corp will cut 15% of its global workforce by the end of its fiscal year in a company-wide restructuring to…

Ralph Lauren to cut workforce and focus on online sales – Reuters

FILE PHOTO: A security guard stands outside the Ralph Lauren store during the outbreak of the coronavirus disease (COVID-19), in Beverly Hills, California, U.S., July 30, 2020. REUTERS/Mario Anzuoni(Reuters) – Luxury apparel maker Ralph Lauren Corp will cut 15% of its global workforce by the end of its fiscal year in a company-wide restructuring to lower costs and move more of its business online, it said on Tuesday.The company had a total workforce of 24,900 as of March end and based on that, the plan could impact more than 3,700 jobs.The COVID-19 health crisis has hammered demand
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