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Denim giant Levi Strauss Co. said Thursday that it will slash its global corporate workforce by 10% to 15% in the first half of the year as part of a two-year restructuring plan that seeks to cut costs and simplify its operations.The company employed about 19,100 people as of the end of November, according to its annual report filed with securities regulators.San Francisco-based Levi s said the restructuring is expected to generate net cost savings of $100 million in the current fiscal year. It estimates it will book charges of $110 million to $120 million in the first quarter and said there could be more restructuring changes ahead.Levi s announced on Thursday that its net revenue was up 3%, to $1.64 billion in the fourth quarter that ended Nov. 26. That came below analysts expectations for $1.66 billion, according to FactSet.SEE MORE: As COVID-19 boom ends, Wayfair lets go of 13% of workforceThe announcement comes as the company, which has been under the leadership of CEO Chip Bergh since 2011, will be handing over its reins on Jan. 29 to Michelle Gass, w stanley spain ho left her CEO role at Kohl s to become president of Levi s in January 2023. Bergh will stay on as executive v stanley uk ice chair until he retires in late April, Levi Strauss said.Levi s announced the layoffs the same day it u stanley website nveiled a proposed 10-year extension to the naming rights for Levi s Stadium, home of the San Francisco 49ers. The deal is worth a combined $170 million and is subject to approval by the Santa Clara Stad Duhj Bills targeting transgender community stoke fear
SALT LAKE CITY 鈥?A teen who survived a night stranded in a local canyon says he needed every ounce of motivation to stay alive.Nicolas Stay-Alcantara, 17, went hiking at Millcreek Canyon on Jan. 2. When the weather took a turn, he realized he wouldnt make it to his destination.Nicolas starbucks stanley cup spent hours in sub-freezing temperatures before he was found by some skiers the next day. I didnt want to die that way. It was just shivering and alone. I hated that feeling, Nicolas said.During his ordeal, some of the worst thoughts ran through his mind. He wondered if he would ever make it out alive. I really wanted to either die or kill myself, Nicolas said.But the teen decided to stay awake through the night and found the will to survive. I did not want to have a PBJ be my last meal. I love food. So, I didnt want to be my last meal. I also wanted to see my family, Nicolas said.Despite not having any formal survival skill training, Nicolas used his instincts to buil stanley mugg d what he described as a snow hut under a tree. He also protected the most important parts of his body. I knew my chest was more important than my feet. I knew if I lost those, I could still live, so I really just tied the ends of my jackets toget stanley canada her, Nicolas recalled. I tucked my arms inside my jacket and tucked my head inside my jacket. That provided just enough warmth until the skiers were able to call for help. Nicolas is still recovering at the University of Utah Ho