Fashion

Rag & Bone lays off employees


Rag & Bone lays off employees

As coronavirus continues to impact the economy, here we go again with
another round of layoffs and furloughs. Rag & Bone has laid off an
unspecified number of employees, including both retail and corporate
workers. The remaining staff has been furloughed. The layoffs have the
greatest impact on U.S. employees, as the country accounts for Rag & Bone’s
largest footprint.

“A comprehensive assessment of all areas within the business was made to
maintain the critical needs of the organization,” the company said in a
statement.

Employees who were laid off and furloughed were not left out in the cold at
least. They were offered severance pay and assistance with healthcare
benefits. State notices in New York and California say that 220 workers
have been laid off or furloughed between, but those are only the specific
numbers between those two states.

California, which is a major market for Rag & Bone, has begun slowly
reopening. While many retailers have begun offering curbside pickup for
customers, Rag & Bone has yet to reopen in any form, further affecting
their sales which took a hit from most states having a several month
lockdown. The majority of Rag & Bone’s 42 stores are in places that have
been severely impacted by coronavirus lockdowns including New York,
California, London, South Korea, Taiwan, and Japan.

photo: via rag-bone.com



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