Embattled Burberry to cut 1,700 jobs amid luxury slump
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2025
0mins
Source: CNBC
Organizational Changes and Job Impact: Burberry announced organizational changes that may lead to a reduction of around 1,700 roles globally by 2027 as part of its turnaround efforts, amidst a slight decline in sales for the fiscal fourth quarter and year.
Sales Performance and Market Challenges: The company reported a 6% drop in sales for the last quarter and a 12% decline for the fiscal year, with significant weakness noted in the Asia-Pacific region and an unexpected loss in the Americas, while expressing optimism about future growth despite current macroeconomic uncertainties.
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.
