David’s Bridal is shedding hundreds of employees across the country because it makes plans to sell the corporate — just weeks before wedding season kicks off.
The country’s largest bridal retailer fired its first round of employees Friday and plans to put off the remaining in two separate phases that can stretch through August, a WARN notice filed with the Pennsylvania Department of Labor shows.
A complete of 9,236 employees will likely be eliminated across David’s Bridal’s 300 stores within the mass sacking.
“We’re evaluating our strategic options and a sale process is underway,” a spokesperson told The Post.
“Presently, there aren’t any updates to share, and all stores are open to serve customers. Providing excellent service stays our focus and we’re committed to serving and delivering for our brides and customers and being a part of magical moments.”
Corporate employees were the primary to get the ax, a similar WARN notice filed in Colorado shows.
Distribution center staff will likely be on the chopping block in June, while field and store employees will likely be fired from June through August.
David’s Bridal announced it has begun shedding hundreds of employees in the newest round of mass firings across the nation.Bloomberg via Getty Images
The precise location of the layoffs will not be yet known, however the notices warn all employees might be affected.
“The layoffs are expected to be everlasting, although latest opportunities may develop into available depending on the consequence of the Company’s sale efforts,” Andrea Dauphinee, the corporate’s Senior Vice President of Human Resources, stated within the filings.
Moreover, stores could begin closing their doors in the approaching months.
The layoffs come only one week after The Recent York Times reported that David’s Bridal is planning to file for bankruptcy.
The country’s largest bridal retailer fired its first round of employees Friday and plans to put off the remaining in two separate phases that can stretch through August.Bloomberg via Getty Images
The corporate is reportedly struggling to administer costs it raked up five years earlier — the primary time it filed for bankruptcy after accumulating $400 million in debt.
It emerged in 2019, just in time for the pandemic, but was never in a position to fully get well.
David’s Bridal is the newest major corporation to announce massive layoffs in recent weeks.
Sources revealed Friday Best Buy would cut a whole lot of jobs across the US in an effort to shift its focus toward e-commerce.
Last week, a report showed that McDonald’s would lay off a whole lot of employees in its corporate offices, cutting pay and advantages for others, and shutting field offices as a part of a companywide restructuring.
