Gap to lay off more workers

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Gap plans to lay off hundreds of corporate employees. 

The layoffs come in addition to a previous round of job cuts announced in September. 

  • Gap's initial round of layoffs eliminated about 500 jobs in its corporate offices.
  • The latest round of layoffs is expected to be larger, reports the Wall Street Journal.
  • The new job cuts target Gap's international sourcing division, finance team, and San Francisco headquarters.
  • CEO Bob Martin said in March that the company is seeking "a simplified leadership and operating structure."

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