Chanel announced it will lay off 70 employees in the U.S., approximately 2.5% of its U.S. workforce, due to the challenging economic environment. The company stated that the decision follows previous efforts to limit spending and is part of its strategy to better adapt to ongoing economic pressures. Chanel also emphasized that while demand can fluctuate in any market, the U.S. remains a key part of its long-term strategy. In 2023, the Americas accounted for 20% of Chanel’s total sales, Europe for 28%, and Asia-Pacific for 52%. According to its annual performance report released in May 2023, Chanel employed approximately 36,500 people worldwide.