British retailer Burberry to cut 1,700 jobs amid difficult backdrop
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2025
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Source: SeekingAlpha
Job Cuts and Cost Savings: Burberry plans to cut 1,700 jobs globally as part of a cost-cutting initiative aimed at saving an additional £60 million by FY27, on top of a previously announced £40 million savings program, totaling £100 million in annualized savings.
Financial Performance: The company reported an adjusted operating profit of £26 million for the second half of 2024/25, with a £67 million profit offsetting a £41 million loss from the first half, amid challenging macroeconomic conditions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
