The expenditure cuts announced in earnings call said it will affect management roles. Does anyone know if this includes stores, and any additional store closures?

As per the Q4 earnings call, Gap is planning to reduce the expense by $300M. This is a huge number and will have massive people impacts. There has been no clarity so far. Anyone knows more?

https://www.bizjournals.com/twincities/news/2023/01/26/gap-store-closes-mall-of-america.html

https://www.msn.com/en-us/money/other/the-gap-store-in-columbiana-centre-mall-is-closing/ar-AA16HaCi

We all know that 50% of the team was laid off to make room for Yeezy. Now that thats finally over, fire Mark for real. What the he-l is the plan ??? There are barely any designers left and they are dropping like flies; completely burnt out from the... —  read more 

Just in case somebody was wondering if layoffs were happening or not.

For those asking if there were layoffs last week, as far as our store is concerned, nothing happened. We also haven't heard anything about corporate layoffs, and trust me, when it comes to things like that, word travels fast. There might be some cuts... —  read more 

Are there any rumors of ATHLETA being sold off?

Will there be any Gap layoffs? Any chatter, news or rumors?

https://www.msn.com/en-us/money/companies/gap-may-close-hundreds-of-stores/ar-AA12ZJ1U?ocid=msedgntp&cvid=bd7ed220937448a08e84a8deb48f6407

I'd have happily volunteered if they had offered me an option before the company started laying people off. I know a lot of people who'd love to be paid to leave this mess so I know for a fact I wouldn't have been the only one to jump at this... —  read more 

Start applying for jobs right now whether you were laid off or not. I know some of you feel like you might need a week or two to recover but I wouldn't wait. The job market is still good but it won't stay like that for long. Jump in before it's too... —  read more 

I hope laid-off employees got decent severance but I'm not sure that's true. There was a lot of talk about reducing severance lately and I have no idea if that was implemented or not. Is there any chance somebody would be willing to share what they... —  read more 

https://www.cnn.com/2022/09/20/business/gap-layoffs/index.html

This round was reserved strictly for corporate, from what I understand, but that only means that we will be next in line. If anybody knows when store layoffs will start or when they plan to start with store closings, please be kind and share with us... —  read more 

Just heard that GAP's TA team has faced some layoffs. They have been today today and given 2 weeks notice. Don't know how many

With Ye pulling out on Gap, an ousted CEO, a stock price hovering at $9, employees that refuse to return to the office, they are left with a stale brand. Layoffs are imminent in the next month. Old Navy & Athleta rumored to be sold.

At least Gap fired one of its toxic directors in Stores Systems for some repeated bullying of his own team. Not enough unfortunately to combat my ever shrinking faith in the CEO.

Due to missed Q2 earnings - Gap Inc and all brands have been asked by the board to begin company-wide cost optimization including but not limited to headcount reduction, store closures, etc.

I always get nervous when there's talk about spinoffs, especially if it's my own area. I'm in Athleta and I'm worried that if activist investors are pushing for a spinoff, it will come with major cuts since they're all about maximizing cost savings... —  read more 

Gap at Mockingbird Station is closing. The store was issued a certificate of occupancy in 2000 for its spot on Mockingbird Lane. There are a couple other locations nearby, including at Inwood Village and the Dallas... —  read more 

Gap is reportedly set to permanently close 19 stores across the UK and the Republic of Ireland once leases expire on July 31. The fashion retailer has decided not to extend the store leases due to a strategic review, which was first launched last... —  read more 

What happens to those employees? I’ve never experienced a store closure (thankfully) but I am curious as to what happens to those employees? Are they given an option to transfer to another location? If they choose to remain until the end are they... —  read more 

Since things are not really working out the way they are right now. "Hermione People & Brands, the retail arm of FIB Group, has entered exclusive talks to purchase Gap Inc.’s activities in France and operate stores under a franchise... —  read more 

While Gap business is suffering, they continue to pay an American executive & his entire family to live in Tokyo. Where the cost of living is among the highest in the world. An average size of a typical Japanese apartment is 500-650 sf, Gap is paying... —  read more 

Gap has laid off a significant amount of its HQ staff during covid. They have outsourced whole departments to 3rd party provides. Moved major portions of the business to Ohio and India. The salaries have been halved or more for these positions... —  read more 

Retail has been decimated in the past several years and the pandemic is just finishing off what's left. Gap was once a giant and now it's just a shadow of its former self. I think the stores they announced would be closing in the next few years are... —  read more 

Oh, well... More jobs lost, but we knew this... 350 Gap, Banana Republic stores to shutter by 2024 as parent company exits malls Gap Inc. is moving away from the nation’s malls. The San Francisco-based retailer, which was for decades a... —  read more 

So let's think about this. Gap is glorifying and collaborating with Kanye, a man who proudly bragged about stealing from a Gap Store when he was a teenager. A man who thinks he is the second coming of Christ. An egomaniac who clothes have no... —  read more 

Gap IT managers are based towards third party vendors so there lot of layoffs.devops/cloud team.engineers will do nothing in name of job

https://ilovetheupperwestside.com/gap-banana-republic-stores-closing/

https://east.virtualshareholdermeeting.com/vsm/web?pvskey=GAP2020

which ones? anyone know?

Any ideas?

—  read more 

Stores have started reopening all around the country, it's just a matter of time before we are going to follow suit. So why have layoffs now? What's the point?

Sad but true. Just when we think things are getting better, they do this to us. Could be more next week.

I've heard that not all 80k employees were furloughed but that some have been outright laid off. I don't know anybody in that group, everybody I've talked to personally says they've been furloughed. But if there are some people who were laid off then... —  read more 

Sounds like they're decentralizing much of the HQ efforts. Not efficient or effective. Theyll continue to burn through the cash in no time.