Columbia Sportswear CEO Tim Boyle said the company will reduce its U.S. personnel costs by 3% to 5%, primarily impacting corporate workers.
PORTLAND, Ore. — Columbia Sportswear CEO Tim Boyle said on Thursday that the company expects to complete a round of layoffs by the end of March due to market challenges.
On a call with investors, Boyle said the company will reduce its U.S. personnel costs by 3% to 5%, primarily impacting corporate workers.
“Our overall headcount and personnel expenses have outpaced the growth of our business,” Boyle said on the call.
Columbia employs 9,450, including 3,140 at its corporate headquarters
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