Coach received government tax cuts, then went ahead and just laid off a number of employees, some of them with over 15 years of service while keeping newer employees (age discrimination law suits for sure). They will then give their upper management a nice bonus. You can’t skirt the law and discriminate to save money. In addition their purses are made in China as another stab in the back to the American workers. They should be ashamed of themselves.
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Coach always does layoffs this time of year especially with the stock price tumbling. It's a bad time to be over 50 or have had a run-in with HR.
Who is getting laid off?
They do that nearly every other year to ensure bonus payouts. Last large one was just before their fiscal year end 3 years ago but have had small layoff since.
Maybe new tariffs and ban on on shearling will be their karma.