Burberry announced plans to cut approximately 1,700 jobs, nearly a fifth of its global workforce, to reduce costs by 2027. The luxury brand reported a £66 million loss last year. The majority of job cuts will affect head office staff globally, with a focus on the UK. Night shifts at the Castleford factory will be eliminated, though Burberry plans to invest in its renovation to safeguard UK manufacturing.

Prepared by Christopher Adams and reviewed by editorial team.