Colorado Based Apparel Giant Announces Significant Workforce Reduction: 500 Corporate Jobs Cut

Ash Jurberg

Corporate Restructuring Hits Home: Colorado Headquartered Apparel Firm to Trim 500 Jobs
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Yesterday, VF Corp announced it had laid off about 500 employees as it aims to restructure its business and improve operations.

Retail Dive reports the apparel business, which is headquartered in Denver, Colorado, has "been plagued by weak sales, especially at its once-thriving Vans skate brand. In its most recent quarter, Vans sales fell 21%. Timberland fell 6.8%, and Dickies fell 8%." It also owns The North Face which posted a healthy 19% year-over-year growth

"As part of VF’s new Reinvent strategy and with the aim of improving operational efficiency, we have eliminated approximately 500 salaried positions across the company globally,. While these decisions are never easy, they will give us the financial flexibility to invest behind our brands and better position us for long term growth. We’re committed to handling this restructuring with dignity and respect for all involved and want to thank those impacted for their valued contributions to VF.” Company spokesperson

The cuts are across various locations, and it has not been stated how many employees in the Colorado headquarters have lost their jobs.

November Colorado job cuts

While the number of Colorado jobs cut by VF Corp is unclear, there has recently been a wave of layoffs in Colorado. This includes:

  • Colorado TV and satellite provider Dish Network announced it was laying off over 500 staff earlier this month.
  • VMware advised that 184 staff at its office in Broomfield will be laid off in January.
  • Colorado-based company Sierra Space laid off 165 employees ahead of the long-awaited first mission of its Dream Chaser spaceplane.
  • Denver-based vacation rental company Evolve announced it will cut 175 positions, or 20% of its workforce. This is the second round of layoffs for the business this year; four months ago, it cut 164 staff members20% of its workforce. This is the second round of layoffs for the business this year, having cut 164 staff four months ago.
  • Aventum, an American government and commercial services contractor, has advised that 54 of its staff working on a project in Pueblo will be laid off due to the completion of a project.
  • Pharmaceutical giant Pfizer also announced job cuts. They filed a WARN notice with the Colorado Department of Labor and Employment advising of job cuts but did not specify how many employees would lose their jobs.
  • Iconic food delivery company Yelloh, known for its distinctive bright yellow trucks, announced it was ceasing operations in Colorado and cutting all employees.
  • DePuy Spine, a division of Johnson and Johnson, is closing the manufacturing activities at a facility in Colorado, resulting in the layoff of 67 employees.

Your thoughts

Are you concerned about these job losses? Do you fear the United States could be heading toward a recession? Who is to blame for job losses? Is there anything Gov.Polis can do to reduce job losses?

Please leave your thoughts in the comments section below and share this article with others so more people can join the discussion.

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