Some of the friendly faces at your favorite Juicy store may not be there at the end of the quarter.
That’s because Liz Claiborne Inc., which designs and markets brands, including Juicy Couture, is cutting costs.
According to a statement released today, it’s “in response to the highly uncertain economic environment.”
725 people will lose their jobs.
That’s 8 percent of the company’s workforce.
“Personnel decisions are always the hardest, especially in times like these. And while reducing head count is not the only cost cutting measure being implemented, it is certainly the most difficult,” said William L. McComb, CEO.
Can this situation improve already?! Sheesh!
