Gap, Inc. will eliminate about 500 corporate jobs, sources told the Wall Street Journal. The Gap has been looking to reduce costs during declining sales and profits.
According to the WSJ report, the jobs are mainly at Gap’s San Francisco and New York City offices and in Asia.
The company is laying off staff and eliminating positions that are currently open across a range of departments.
Some employees were notified in recent days of the layoffs, sources said.
