The Bay Area-based retailer, which operates stores under its namesake brand as well as Old Navy, Banana Republic and Athleta, has faced years of financial struggles.
NEW YORK — Gap is slashing 500 corporate jobs in San Francisco and New York as it looks to reduce expenses amid languishing sales, a company spokesperson confirmed on Tuesday.
As of Jan. 29, the company had a workforce of roughly 97,000 employees; 9% of them or roughly 8,700, work in corporate sites.
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