Ralph Lauren Reorganizes Business, Cuts Workforce by 15 Percent

WWD

Wall Street liked what it heard from Ralph Lauren Corp. on Tuesday as the company revealed plans to step up the pace of its transformation — which includes a 15 percent cut in its workforce.

Dana Telsey, ceo and chief researcher of Telsey Advisory Group, said Tuesday, “I think one of the things that’s happening coming out of the pandemic is everyone is learning to do business in different ways. In some instances, it’s about shrinking to grow.

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