British luxury fashion brand Burberry is planning to cut as many as 1,700 jobs, as it struggles to manage the fallout from the Trump administration's approach to global trade.

BBC News reports that Burberry expects the cuts — which will impact nearly 20% of its total workforce — to save the company roughly £100 million ($133 million) by 2027. In a May 14 statement, Burberry pointed to uncertainty created by recent "geopolitical developments," particularly after it saw £3 million in operating losses for the 2025 fiscal year that ended on March 29, compared to £418 million in profits the year prior. Over that same period, revenue dipped by 17%, from £2.9 billion in the 2024 FY to £2.3 billion in 2025. 

The majority of Burberry's layoffs are expected to come from head office teams around the world, although CEO Joshua Schulman told BBC News that many would be focused on offices in the U.K. The company is also planning to reorganize staff rotations at manufacturing facilities, and do away with night shifts at its factory in Castleford.

Despite some measure of optimism from the May 8 announcement of a new trade deal between the U.S. and the U.K., 10% blanket tariffs from the Trump administration are still in effect until the agreement can be finalized. Early signs also seem to indicate that the exceptions carved out in the deal will largely cover tariffs on specific industrial sectors such as steel and cars, meaning that companies like Burberry would remain exposed long-term to the economic impacts of President Trump's levies.