The company's CEO said that Levi Strauss' costs have been growing faster than its revenue, which 'is not sustainable for us or any company'
Levi Strauss and Co. will lay off 146 workers at its San Francisco headquarters next month as part of a global move that company officials say will help the brand become profitable over the next two years.
The layoffs, which amount to roughly 15% of the company’s total global employees, are part of a larger initiative that will save the company $100 million in the company’s 2024 fiscal year and refine its operations. Levi’s also plans to find other areas to reduce costs. Sunset laws could render SF's ballot propositions unnecessary Letting new laws expire after some years would create better governance
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