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Burberry warns of up to 1,700 job cuts amid annual loss, global luxury slowdown

NAMPA / Xinhua
2025-05-14
LONDON, May 14 (Xinhua) -- British luxury brand Burberry has warned it could cut up to 1,700 positions worldwide over the next two years, after reporting a 75 million British pounds (99.75 million U.S. dollars) annual loss for the year ended March 29. The warning came as the company released its annual report on Wednesday, outlining a new cost-saving program targeting 60 million pounds of additional savings by 2027. The job cuts could affect n......
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