Canada Goose to lay off 17% of staff [Video]

TORONTO –

Canada Goose Holdings Inc. says it is laying off 17 per cent of its global corporate workforce.

In a LinkedIn note from CEO Dani Reiss, the luxury parka maker said Tuesday that the job cuts are meant to put the company in a better position for scaling and will help the Toronto-based business focus on efficiency and key brand, design and operational initiatives.

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“This is sad news for me to share because we have individuals leaving the organization today who were instrumental in making Canada Goose the business it is today, and I am personally grateful to each and every one of them,” Reiss wrote.

“Decisions like this are heartbreaking, but at the same time I am confident this is necessary for the next phase of our business.”

When asked about the extent and …