# Luxury is hurting

**URL:** <https://community.theschmatte.com/t/luxury-is-hurting/3925>\
**Category:** LAYOFFS/HIRING FREEZES\
**Created:** [January 24, 2025, 3:38pm UTC](https://community.theschmatte.com/t/luxury-is-hurting/3925 "2025-01-24T15:38:34Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![grandpoobah](https://avatars.discourse-cdn.com/v4/letter/g/ed655f/32.png) [@grandpoobah](https://community.theschmatte.com/u/grandpoobah)\
**Post date:** [January 24, 2025, 3:38pm UTC](https://community.theschmatte.com/t/luxury-is-hurting/3925/1 "2025-01-24T15:38:34Z")

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[https://www.bloomberg.com/news/articles/2025-01-22/chanel-cuts-70-us-jobs-warning-of-challenging-luxury-environment](https://www.bloomberg.com/news/articles/2025-01-22/chanel-cuts-70-us-jobs-warning-of-challenging-luxury-environment)