Burberry Plans to Lay Off 1,700 Employees

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Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "SpaceX Employee Fired For Frequent Bathroom Trips", "Gresik Money Multiplier Shaman Cheats His Victims Hundreds of Millions Rupiah", you may read also "Ironically, Turkish Citizens 'Get High' From Inhaling Smoke From Confiscated Marijuana Destruction" and on this occasion we will discuss about 'Burberry Plans to Lay Off 1,700 Employees'.

The famous British fashion brand, Burberry, announced that it will gradually cut around 1,700 employees globally over the next two years. This is done as an effort to reduce operational costs. The famous British fashion company is currently experiencing an operational loss of 3 million pounds sterling or equivalent to IDR 66.21 billion (exchange rate of IDR 22,073/pounds) in the first quarter of 2025. This amount is recorded to have decreased drastically when compared to the same period the previous year where the company still recorded a profit of 418 million pounds sterling or IDR 9.22 trillion.[1]

Joshua Schulman, Burberry's chief executive, said the company is currently planning to immediately implement a strategic plan titled 'Burberry Forward' to restore the luxury clothing brand's reputation, improve the company's performance, and encourage the creation of sustainable long-term value. This mass layoff plan is not the first time the British fashion brand has done this. Previously, the company had also announced employee cuts in 2025. At that time, the company cut around 400 employees after Burberry lost around a third or more than 30% of its stock market value in the first four months of 2024.[2] And if you have any legal issue in Indonesia territory, contact us for business inquiry, feel free in 24 hour, we will be glad to assist you. 

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References:

1. "Burberry PHK 1.700 Karyawan di Seluruh Dunia!", www.detik.com., Ignacio Geordi Oswaldo, 14 Mei 2025, Diakses pada tanggal 5 Mei 2025, Link: https://finance.detik.com/berita-ekonomi-bisnis/d-7913949/burberry-phk-1-700-karyawan-di-seluruh-dunia#goog_rewarded

2. Ibid.