Gap Inc. is up on the high wire — balancing the necessity to cut costs with the hopes that having fewer people will help make its operations more efficient.
And retail’s watching, especially since many other corporations try to drag off the identical trick already or about to take their turn.
The struggling Gap said Thursday that it could lay off about 1,800 of its headquarters and upper field workforce — a large cut for an organization that counts about 8,500 employees in its corporate offices out of a complete workforce of 95,000.
Bob Martin, executive chairman and interim chief executive officer, said in an announcement: “We're taking the needed actions to reshape Gap Inc. for the long run — simplifying and optimizing...
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