VF Corp.’s jeanswear coalition and an IT services unit have eliminated a “small” number of white-collar positions in the company’s Greensboro, N.C., headquarters and its offices in Merriam, Kan., where the firm’s Lee brand is based.
VF declined to divulge the exact number of employees laid off, but said some of the affected personnel learned the news last week and others earlier this week. In a statement, the $7.22 billion company noted, “Although VF is strong financially and our business and brands are healthy, the external environment is extremely difficult and expected to remain so for 2009. Like many other companies, several of our business units are responding by taking action to reduce costs. These moves, while extremely difficult, are aimed at reducing operating expenses to better position us for success in the coming year and beyond.”
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"