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Gap slashes 500 corporate jobs in cost-cutting move

Por: ABC News Business September 21, 2022

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NEW YORK -- Gap is slashing 500 corporate jobs in San Francisco and New York as it looks to reduce expenses amid languishing sales.The job cuts, confirmed by a company spokesperson, follow years of struggle at the San Francisco-based retailer, which operates its namesake stores as well as the Old Navy, Banana Republic and Athleta chains. The pandemic and surging supply chain costs have exerted even more of a financial toll on the retailer. And... + full article



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