The Wall Street Journal
Gap Plans to Lay Off Hundreds of Corporate Workers in Latest Cuts
Gap is eliminating hundreds of corporate jobs from its global workforce as part of a broad restructuring aimed at making the company more nimble and less bureaucratic, according to people familiar with the situation. More recently, the leaders of each of the company’s brands—Gap, Old Navy, Banana Republic and Athleta—have been conducting a wide-ranging review with the goal of stripping out layers of management to speed decision making, the people said. “Our goal is to flatten the organization, increase spans of control to create more robust roles and individual empowerment, and decrease layers to remove bottlenecks and make better, faster decisions,” according to a memo from Gap Chairman and interim Chief Executive Bob Martin to employees last week.
Add Comment