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Luxury goods maker cites current economic challenges for the move.
In an effort to “protect the business,” Chanel is cutting 70 US jobs. The move represents roughly 2.5% of its total US workforce. Chanel has 38,400 employees worldwide. The Americas represented about 20% of its total sales in 2023, with 28% from Europe, and 52% from Asia Pacific. Current job cuts aim to reduce headcount and help the company adapt to current economic challenges. This also comes after Chanel made changes to limit spending. ...
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