Headlines

David Yurman Lays Off 98 Workers in New York

The company is feeling the effects of the COVID-19 crisis.

Published

3 years ago

July 22, 2020

INSTORE Staff

David Yurman recently cut dozens of corporate jobs in New York.

The cuts began on June 30, the jewelry company said in a filing with the state’s labor department. the stated reason was “unforeseeable business circumstances prompted by COVID-19.”

The company had also implemented furloughs effectivee April 1.

A David Yurman spokesperson told WWD that the layoffs affected positions in the marketing, product development, engineering and finance departments.

“These challenging decisions were made in order to ensure a healthy business for the future,” the spokesperson said.

It wasn’t immediately clear what percentage of the company’s workforce the layoffs represented.

click to Comment(Comment)

Up Next

Video: Michigan Retailer Buries $1M in Jewelry, Launches Treasure Hunt

Don't Miss

De Beers Invests in Gemist ‘Try-and-Buy’ Jewelry Brand

INSTORE Staff

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

Why This Jeweler Chose Wilkerson

Mark Lauer is the owner of Mark Michael Diamond Designs, the Minnesota-based jewelry gallery known for exceptional and uniquely designed diamond jewelry. Though he loved creating the beautiful jewelry his business was known for, retirement was an exciting alternative to the 60+ hours a week he’d spent building it up. He called Wilkerson to help with a retirement sale. “I did talk to two other companies, but I just didn’t feel they offered the same services that Wilkerson did,” he says. “I knew Wilkerson had the expertise to follow through and give me the service and results that I wanted. They’re the number one rock stars in this industry.”