default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Gap to Cut Hundreds of Jobs in New Round of Layoffs

American mall retailer Gap Inc.'s logo.
Gap Inc. is eliminating hundreds of jobs from its global workforce. (Shutterstock)

Gap Inc. is eliminating hundreds of jobs from its global workforce, the Wall Street Journal reported on Tuesday, citing people familiar with the situation.

The apparel retailer joins a growing number of American firms, including tech giant Facebook-parent Meta Platforms Inc. and consumer companies Clorox Co and Wayfair Inc., to downsize its workforce amid mounting worries of a recession in the US.

The current round of job cuts at Gap is expected to be larger than the about 500 corporate roles it eliminated in September, the report added.

Gap began notifying the employees it planned to lay off in its international sourcing division on April 18, the report said, adding that it plans to inform staff about prospective layoffs at its San Francisco headquarters this week.

Gap did not immediately respond to a Reuters request for comment.

As of Jan. 28, 2023, the company had a workforce of approximately 95,000 employees, according to a regulatory filing.

By Granth Vanaik; Editor Subhranshu Sahu

Learn more:

Op-Ed | Yeezy Was Never Going to Save Gap. What Can?

Gap Inc.’s leadership has repeatedly promised a grand vision to return its namesake brand to its former glory and strengthen Old Navy, Banana Republic and Athleta. But none of those efforts have really worked.


In This Article

© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail
Analysis and advice from the front lines of the retail transformation.




view more

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The Business of Beauty - Global Forum
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy and Accessibility Statement.
The Business of Beauty - Global Forum