Burberry will lay off 500 people!

Burberry will lay off 500 people!

British luxury retail brand Burberry will lay off 500 people. The new type of coronavirus (Covid-19) epidemic, which affects the whole world, continues to hit the global economy. Every day, news of bankruptcy or employee removal comes from many world-famous companies. The last of these news came from the British luxury retail brand Burberry. Burberry announced that it has suffered a huge financial loss due to the epidemic and announced that it plans to terminate about 500 employees. Stating that sales decreased by 45 percent in the first half of 2020, the company announced that its revenue fell to £ 257 million ($ 324 million). According to the figures announced by the company, sales in Europe and the Middle East decreased by 75 percent. It was emphasized that inactivity in tourism due to the epidemic was effective in the decrease in sales in these regions. The statement noted that Burberry sales decreased by 70% in the Americas and 10% in the Asia Pacific region. While the company does not provide a specific location for layoffs, it is said that the planning is done worldwide.