Embattled Burberry to cut 1,700 jobs amid turnaround
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2025
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Source: CNBC
Organizational Changes and Job Cuts: Burberry announced significant organizational changes that may lead to a reduction of around 1,700 roles globally by 2027, aiming for cost savings of £60 million as part of CEO Joshua Schulman's turnaround strategy.
Sales Performance and Market Outlook: Despite a slight decline in sales, which fell 12% for the fiscal year, Burberry remains optimistic about future growth amid challenging macroeconomic conditions and geopolitical tensions affecting their business operations.
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.
