And so it begins.
As we mentioned last year, Versace has had to cut 350 jobs or 25% of its worldwide workforce in order to become profitable once again.
Unfortunately, those plans seem to be starting sooner rather than later. The cuts were supposed to begin in the middle of the year, but now it looks like the date was bumped up to March.
Sad.
Let’s hope their so called restructuring plan works!
[Image via AP Images.]