RetailSE

Daniel Wellington Layoffs

June 2022

Daniel Wellington announced a layoff affecting 200 employees (15% of its workforce) in June 2022. The company operates in the Retail sector.

People Affected

200

Percentage

15%

Announced Date

Jun 9, 2022

About

Daniel Wellington, a Swedish watch and jewelry brand, laid off approximately 50 employees in early 2023, representing around 10% of its workforce at the time. The restructuring was part of a strategic shift to streamline operations and adapt to changing market conditions in the consumer goods and retail industry. As a mid-sized global company, the move aimed to enhance efficiency amid economic pressures and evolving consumer trends.