Gap to cut hundreds of jobs in new round of layoffs: report

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Gap to cut hundreds of jobs in new round of layoffs: report
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The apparel retailer joins a growing number of American firms, including tech giant Facebook-parent Meta Platforms and consumer companies Clorox and Wayfair, to downsize its workforce.

The apparel retailer joins a growing number of American firms, including tech giant

and consumer companies Clorox and Wayfair, to downsize its workforce amid mounting worries of a recession in the United States.500 corporate roles it eliminated in SeptemberGap began notifying the employees it planned to lay off in its international sourcing division on April 18, the report said, adding that it plans to inform staff about prospective layoffs at its San Francisco headquarters this week.

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