Canada Goose shares are trading higher after the company announced plans to reduce its corporate workforce by approximately 17%.
Portfolio Pulse from Benzinga Newsdesk
Canada Goose announced a reduction in its corporate workforce by approximately 17%, leading to an increase in its share price.
March 26, 2024 | 1:06 pm
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Canada Goose's decision to reduce its corporate workforce by 17% has led to an increase in its share price.
The reduction in workforce is often viewed by investors as a cost-cutting measure that can improve profitability in the short term, leading to positive investor sentiment and a potential increase in share price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100