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Beauty Industry, Mergers and Acquisitions

Chanel Issues Job Cuts in the U.S.

This decision aims to help adapt to current economic challenges.

By: Beauty Packaging Staff

In an effort to ‘protect the business,’ Chanel announced that it is cutting 70 U.S. jobs. This cut represents roughly 2.5% of its total U.S. workforce. 
 
According to Chanel’s 2023 annual report, the company had roughly 36,500 employees that year. The Americas represented about 20% of its total sales in 2023, with 28% from Europe, and 52% from Asia Pacific. 
 
Current job cuts aim to reduce headcount and help the company adapt to current economic challenges. This also comes after Chanel made changes to limit spending. 

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Photo: Martin Good/ Shutterstock.com

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