LVMH- owned luxury brand Marc Jacobs is the latest to announce cutting its workforce by 10 per cent including senior designer Olymp Le-Tan at its corporate headquarters, blaming the pandemic’s harsh ramifications for sales in the past couple of months.
The company had let go off some retail associates already but the total headcount of layoffs would be 60 employees. However, what’s noteworthy is that they have not reduced the salaries of the other employees during the crisis.
Other than this, Marc Jacobs urged people to stop focusing on the loss of property happening in America due to the ongoing protests following the death of George Floyd saying that property can be built back but life cannot.
With over 1,300 employees and a presence in 60 countries with 280 stores, Marc Jacobs offers ready-to-wear apparels and accessories for women.
