Lululemon Athletica Inc (NASDAQ:LULU) is slashing about 150 corporate jobs as part of an organizational restructuring, the company revealed last week.
A spokesperson for the Vancouver-based athleisure brand told media that the impacted employees are part of its store support centers.
"As we continue to deliver on our strategy, we regularly assess our business operations to ensure we are well-positioned for the future," the spokesperson said in a statement.
"Following a recent review, we have decided to evolve some aspects of our organizational structure to operate with more agility and further invest in our growth."
The layoffs come amid a challenging business environment for Lululemon, including sluggish sales growth in North America, particularly in the US, where comparable sales fell 2% in the first quarter of 2025.
The company is also facing increased costs due to new global tariffs, especially those targeting key manufacturing regions for Lululemon, such as China and Southeast Asia.
Shares of Lululemon traded hands at about $226 on Monday, down more than 40% in the year to date.