Levi Strauss to lay off 10% to 15% of corporate workforce, stock slides as profit forecast disappoints
With new leadership coming in after difficult 2023, Levi Strauss & Co. on Thursday announced plans to lay off staff and cut costs over the next few years — part of a multi-year “global productivity initiative” that didn’t do much for the iconic jeans-maker’s share price following a disappointing profit forecast.
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