Fashion giant Burberry slashes 1,700 jobs, says strategic shift to...

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Fashion giant Burberry slashes 1,700 jobs, says strategic shift to boost performance

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Burberry is set to reduce its global workforce by 1,700 employees as part of a cost-saving initiative led by CEO Joshua Schulman to revitalize the brand. This decision follows a period of underperformance and a shift back to focusing on heritage staples like trench coats and scarves.

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