Retail News

Fossil cuts HQ staff

The Dallas Morning News 02/22/2020

Fossil Group has laid off an unspecified number of workers in its Richardson, TX headquarters. The fashion watch and accessories brand reported losses in 2017 and 2018 and is scheduled to release its 2019 results this week. “Difficult decisions, such as headcount reductions, have been a necessary part of this initiative and have helped Fossil Group become a more streamlined and efficient company, well-positioned to drive shareholder value,” said Darren Hart, executive vice president over human resources for Fossil, in an email to The Dallas Morning News.

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