NEW YORK — Polo Ralph Lauren Corp. has had “some layoffs” this week, a company spokeswoman said Thursday, confirming market reports.
The spokeswoman declined to give any numbers, but in a statement, Peter Strom, vice chairman of Polo, referred to the cuts as a “minor streamlining and restructuring in the company to increase the efficiency of operations.”
“Our business is strong in all categories,” Strom said.
Sources close to the company said that during a meeting on Tuesday, Polo executives told staff that even though business was growing, salary expense was out of line and it was necessary to decrease the salary base by 15 percent.
A source said that some of the layoffs included four out of 20 in the advertising department, four out of 60 in the women’s design department and three out of eight in the publicity department. Six were also dismissed in the men’s design area and five in product development.
Other departments in both the New York corporate headquarters and the New Jersey offices lost people, but it could not be learned how many.
The firm was said to be still questioning various departments Thursday about their personnel needs.
Throughout the company, Polo employs approximately 3,000.