Luxury parka maker Canada Goose laying off 17% of staff

Canada Goose Holdings Inc. says it is laying off 17 per cent of its global corporate workforce.

In a LinkedIn note from CEO Dani Reiss, the luxury parka maker says the job cuts are meant to put the company in a better position for scaling.

He says the Toronto-based business will now be focused on efficiency and key brand, design and operational initiatives.

Reiss thanked departing staff for spending part of their careers at Canada Goose and said the company will remember their commitment, accomplishments and impact.