shockedcanadian
Diamond Member
- Aug 6, 2012
- 43,941
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Trumps tariffs will ensure that he gets all the demands he asks for, we simply don't have the free market needed to sustain the economy and these politicians and their weak nepotism managers operating covertly in corporations know it.
I can't even imagine how much worse our economy will be if we lose the auto industry.
Vancouver-based apparel company Lululemon Athletica Inc. is cutting about 150 corporate jobs as part of changes to its organizational structure, the retailer said Wednesday.
The affected employees are part of its store support centres, a spokesperson for the company told CBC News in a statement.
"As we continue to deliver on our strategy, we regularly assess our business operations to ensure we are well-positioned for the future," the spokesperson said. "Following a recent review, we have decided to evolve some aspects of our organizational structure to operate with more agility and further invest in our growth."
The move comes as U.S. President Donald Trump's global tariff war ripples through supply chains and dents bottom lines. Trump's tariffs have taken particular aim at China — a key market for Lululemon — and several Middle Eastern and Asian countries that are meccas for clothing manufacturers.
The cuts appear "aimed at streamlining costs and improving efficiency — likely aided by productivity gains from [artificial intelligence] — amid growing consumer uncertainty," wrote Bloomberg Intelligence retail analysts Poonam Goyal and Sydney Goodman.
"The move may also help preserve margins as the company navigates more cautious spending among shoppers," they wrote.
The analysts note this latest round of layoffs follows others made in 2024, when Lululemon closed a U.S. distribution centre, and in 2023, when it discontinued its connected fitness product, Mirror.
I can't even imagine how much worse our economy will be if we lose the auto industry.
Vancouver-based apparel company Lululemon Athletica Inc. is cutting about 150 corporate jobs as part of changes to its organizational structure, the retailer said Wednesday.
The affected employees are part of its store support centres, a spokesperson for the company told CBC News in a statement.
"As we continue to deliver on our strategy, we regularly assess our business operations to ensure we are well-positioned for the future," the spokesperson said. "Following a recent review, we have decided to evolve some aspects of our organizational structure to operate with more agility and further invest in our growth."
The move comes as U.S. President Donald Trump's global tariff war ripples through supply chains and dents bottom lines. Trump's tariffs have taken particular aim at China — a key market for Lululemon — and several Middle Eastern and Asian countries that are meccas for clothing manufacturers.
The cuts appear "aimed at streamlining costs and improving efficiency — likely aided by productivity gains from [artificial intelligence] — amid growing consumer uncertainty," wrote Bloomberg Intelligence retail analysts Poonam Goyal and Sydney Goodman.
"The move may also help preserve margins as the company navigates more cautious spending among shoppers," they wrote.
The analysts note this latest round of layoffs follows others made in 2024, when Lululemon closed a U.S. distribution centre, and in 2023, when it discontinued its connected fitness product, Mirror.
