Layoffs start in Winston-Salem next week.
That's 775 "exempt" employees or white collar positions. Winston-Salem is the HQ of Branded Apprarel.
I heard over 300...............
AP says 775, which is probably close to 30% of the workforce. Bet morale is really great today. Hopefully a lot of the VP/Director overload was a good part of that, but that's doubtful with their past history.