David Yurman has laid off 98 corporate employees, the famed jewelry company reported in a filing with the New York State Department of Labor on Thursday.
It cited “unforeseeable business circumstances prompted by COVID-19.” The company first put a majority of its employees on furlough on April 1, it said.
The news was first reported in WWD.
A company spokesperson did not return a request for comment from JCK. However, a spokesperson tells WWD: “David Yurman, like many others in the retail industry, has made the difficult decision to reduce our workforce. This has resulted in the lay[ing] off of 98 corporate employees, primarily affecting our marketing, product development, engineering, and finance departments. These challenging decisions were made in order to ensure a healthy business for the future.”
Both Swarovski and Macy’s have also made dramatic job cuts in response to the COVID-19 pandemic.
(Image courtesy of David Yurman)
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