Another One Bites The Dust: Rumored Layoffs for Posen and Gucci

After the “elimination” of the Vice President of Communications position formerly held by Karen Duffy whose responsibilities are now being divided by Zac Posen’s mother Susan and long-time Director of Public Relations and Celebrity, Alexandra Smith, major layoffs are expected to continue to shake the showrooms of Posen and now… Gucci! While it may have been a foreseeable regret for a new label like Posen in these tough times, it’s an even more devastating defeat for fashion powerhouse Gucci. Chanel had a round of layoffs that affected mostly contract workers, and luxury makers in general have had a difficult 2008. There have been glimmers of hope that economic difficulties wouldn’t continue to 2010, but these recent developments make us wonder. If fashion heavyweights are still shedding staff, just how long will it take for a full recovery? With investors in other sectors returning to the table, we hope that retail and fashion aren’t far behind.

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