The Telegraph reported that the company informed its employees of restructuring in late June, with workers facing either redundancy or having to reapply for jobs.

Burberry is undertaking a 45-day consultation on the job cuts, which are estimated to be up to 400 roles, despite no confirmed number from the brand.

In its 2024 financial year results, Burberry saw revenue decline by 4% to £2.97 billion (US$3.76 billion) while adjusted operating profit fell 34% to £418 million (US$528.36 million).

Source: The Telegraph