Gap cuts 1,800 jobs amid sales slump

By Associated Press

Apr 29, 2023 12:06 am

NEW YORK CITY: The Gap is laying off 1,800 corporate workers, roughly three times the number of headquarters jobs it cut last fall, as the struggling chain cuts costs in a bid to become nimbler.

More layoffs at the struggling chain follow similar cuts at large US corporations this year, such as Amazon and McDonald's, with white collar workers taking the brunt of the headcount reductions as the economy slows.

JOB CUTS A sign for the GAP is seen on a storefront in Pittsburgh on Jan. 12, 2022. Gap said on Thursday, April 27, 2023, it is laying off 1,800 corporate workers as the struggling chain cuts costs in a bid to become more agile. AP PHOTO

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