Gap Furloughs Workers, Execs Take Pay Cut as Store Closures Extend
With coronavirus-induced store closures extending into April, Gap Inc. is the latest company to furlough workers.
The San Francisco-based apparel giant announced on Monday that it will place the majority of its store teams in the U.S. and Canada on unpaid leave. Workers will continue to receive applicable benefits while on furlough. The company has also decided to reduce headcount across its corporate functions, and the entire leadership team and board of directors are taking a temporary cut in pay.
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