Connect with us

Headlines

David Yurman Lays Off 98 Workers in New York

The company is feeling the effects of the COVID-19 crisis.

mm

Published

on

David Yurman recently cut dozens of corporate jobs in New York.

The cuts began on June 30, the jewelry company said in a filing with the state’s labor department. the stated reason was “unforeseeable business circumstances prompted by COVID-19.”

The company had also implemented furloughs effectivee April 1.

A David Yurman spokesperson told WWD that the layoffs affected positions in the marketing, product development, engineering and finance departments.

Advertisement

“These challenging decisions were made in order to ensure a healthy business for the future,” the spokesperson said.

It wasn’t immediately clear what percentage of the company’s workforce the layoffs represented.

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Downsizing? Wilkerson Is Here to Help

Orin Mazzoni, Jr., the owner of Orin Jewelers in Garden City and Northville, Michigan, decided it was time to downsize. With two locations and an eye on the future, Mazzoni asked Wilkerson to take the lead on closing the Garden City store. Mazzoni met Wilkerson’s Rick Hayes some years back, he says, and once he made up his mind to consolidate, he and Hayes “set up a timeline” for the sale. Despite the pandemic, Mazzoni says the everything went smoothly. “Many days, we had lines of people waiting to get in,” he says, adding that Wilkerson’s professionalism made it all worthwhile. “Whenever you do an event like this, you think, ‘I’ve been doing this my whole life. Do I really need to pay someone to do it for me?’ But then I realized, these guys are the pros and we need to move forward with them.”

Promoted Headlines

Most Popular