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Gap Is Cutting 500 Corporate Jobs During Profitability Crunch

  • Roles in San Francisco, New York, Asia to be eliminated
  • Cuts come after retailer slashed full-year guidance in August
A shopper carries Gap Inc. shopping bags in Hong Kong.

A shopper carries Gap Inc. shopping bags in Hong Kong.

Photographer: Roy Liu/Bloomberg

Gap Inc. is cutting 500 corporate jobs as it contends with growing costs and weaker sales figures. 

The roles being eliminated are primarily at Gap’s offices in San Francisco and New York, as well as in Asia, the company said Tuesday. The job cuts were reported earlier by the Wall Street Journal.