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Ralph Lauren to Cut 15% of Jobs Amid Shift to E-Commerce
- Apparel company is accelerating restructuring effort
- Moves are likely to reduce workforce by around 3,700 jobs
Ralph Lauren Corp. is trimming its workforce as the apparel maker accelerates plans to shift to more online sales.
The cuts will total 15% of its workforce, or about 3,700 workers, according to a person familiar with the plans. The jobs are expected to be eliminated by the end of its fiscal year, which concludes in March.