Burberry's fourth-quarter sales fell by 6%, leading to plans to cut approximately 20% of staff.

According to reports, the British luxury brand Burberry is planning to cut approximately 20% of its workforce. The reports state that Burberry plans to lay off 1700 people in order to reduce costs, which represents about one-fifth of its global workforce. This will mainly affect office positions, as the night shift at Burberry's trench coat factory in Castleford, England will be canceled due to "overproduction" caused by additional shifts.