FEBRUARY 1, 2024 — CLOSURE OF VAN’S SANTA FE SPRINGS, CALIFORNIA DISTRIBUTION CENTER
The company has announced plans to close a Van’s Santa Fe Springs, California distribution center, which will result in 255 employee layoffs, including pickers, drivers, leads, supervisors, auditors, and returns specialists, among other positions.
The layoffs are scheduled in two rounds, with the first impacting 207 employees beginning February 23, 2024, and an additional 48 employees beginning March 22, 2024. All layoffs will be completed by May 31, 2024.
Additionally, Vans announced that 42 employees were laid off at its Costa Mesa, California headquarters on January 30, 2024
The action appears to be driven by pressure from activist investors Los Angeles, California-based Legion Partners Asset Management, and Newport Beach, California-based Engaged Capital.
SEPTEMBER 15, 2022 — Original Post…
Denver, Coloado-based VF Corporation, a global apparel and footwear company with a portfolio collection of brands, has announced a major companywide reduction in force.
The reduction in force will impact 300 office-based employees with another 300 open positions that will not be filled.
VF President and CEO Steve Rendle notes that the reduction is necessary to “align our people and capabilities with our highest strategic priorities.” And that there will be “no disproportionate impact in any one location, including the HQ in Denver.”
“I recognize that the past few years have been intense. And while the environment will likely continue to be marked by volatility, we have strong momentum in the majority of our businesses. At the same time, we’re working to improve those areas of the business that need attention.”
“Our overriding goal is to drive consistent growth across our full family of brands. Through clear and focused strategies, the passion and capabilities of our people, and the guidance provided by capable leaders, we will drive growth and chart the next chapter for VF.”
Look for the company to embrace the digital transformation that is driving direct-to-consumer sales with negligible platform costs and centralized fullfulment opportunities.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?