HanesBrands (Winston-Salem, NC) is shedding payroll to control costs.
The apparel maker has laid off an undisclosed number of employees, with cuts including corporate staff at the company’s headquarters, the Winston-Salem Journal reports.
As of the most recently available figures, HanesBrands employed about 2300 people in the county where its headquarters is located. The company has 59,000 employees across the globe, 88% of whom are based outside of the US, the article says.
“We continue to operate in a very challenging environment, and we must focus on controlling costs as we continue to execute our Full Potential plan,” HanesBrands spokesman Kirk Saville told the outlet. “As a result, we made the difficult decision to eliminate a number of positions across our company. These are valued associates, and we thank them for their many contributions to HanesBrands.”
The company will release its fourth quarter earnings report on Feb. 2.
On Jan. 12, HanesBrands said it expects to report 2022 net sales slightly above the top end of its outlook range and adjusted operating profit at the midpoint of the range.
The company also recently announced the resignation of CFO Michael Dastugue for family reasons, effective Feb. 28. Scott Lewis, chief accounting officer and controller, will serve as the interim CFO until a successor for Dastugue is named.
Read more at the Winston-Salem Journal.