India, May 14 -- Luxury fashion house Burberry announced plans to cut up to 1,700 jobs globally as part of a broader strategy to reduce costs and reposition the brand for sustainable growth. The cuts, which represent nearly 20 percent of its workforce, are aimed at delivering 100 million pounds in annual savings by 2027.

The move follows a 66 million pound full-year loss and reflects efforts by CEO Joshua Schulman, who joined in July 2024, to accelerate the company's turnaround. Most of the job reductions will affect corporate roles, particularly in the UK, where Burberry's head office is based.

Cuts will also impact staff at stores and the company's Castleford manufacturing site in West Yorkshire, where night shifts will be discontinued ...