Levi's Lays Off 140+ at SF Headquarters Amid Company Restructuring
- Levi Strauss & Co. laying off over 140 employees at San Francisco headquarters
- Cuts part of company's global productivity initiative to cut 10-15% of workforce
- Aims to tighten belt amid macroeconomic challenges & issues in U.S. wholesale
- Incoming CEO Michelle Gass taking "cautious approach" with more cuts possible
- Recently signed $170 million deal to keep name on 49ers' Santa Clara stadium until 2043