Levi’s announces cuts to global workforce

The decision from the denim manufacturer is projected to save the company around $100 million.

Levi Strauss & Co. announced Thursday that its global corporate workforce is being cut by 10 percent to 15 percent in the coming months. 

The layoffs are part of the company’s two-year restructuring plan to cut costs and simplify operations. 


The big picture: Levi’s projects to save around $100 million this fiscal year from the cuts, which could be followed by more. 

  • Levi’s employed around 19,100 people as of November, according to its annual report.
  • Further, Levi’s announced that its net revenue had increased three percent to reach $1.64 billion in the fourth quarter. 
  • Former Kohl’s CEO Michelle Gass will be taking over as president of Levi’s on Jan. 29 as CEO Chip Bergh nears retirement. 
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