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J.Crew Lays Off 3% of Workforce

J.Crew's fall 2021 campaign. Courtesy.
J.Crew's fall 2021 campaign. Courtesy.

The American retailer confirmed Tuesday that it has eliminated less than 3 percent of its corporate headcount as part of reorganisation efforts.

“We have conducted a comprehensive review of our organization and made decisions to support efficiency and long-term growth,” a J.Crew Group spokesperson said in an email statement. “Part of this initiative has been making organizational changes and streamlining functions which has impacted a limited number of roles.”

J.Crew joins a number of brands and retailers to have cut jobs this year, including Neiman Marcus, Ssense, The RealReal and Everlane.

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While job losses aren’t happening at the same pace as in Silicon Valley, retailers facing slowing demand and rising operating costs are starting to make cuts.

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