
Responding to Activist Investor Pressure, VF Lays Off Corporate Employees
VF Corp., the parent of brands such as Vans, The North Face and Timberland, has laid off approximately 500 corporate employees across the organization. The news comes about one month after the company unveiled its “Project Reinvent” transformation, which was designed to alleviate pressure from an activist investor. “As part of VF’s new Reinvent strategy,…