Regis Corp. announces 290 job cuts across U.S., Canada

The Minneapolis-based company has been making major changes to its business model.
Author:
Publish date:

Twin Cities-based Regis Corporation has announced it will be cutting 290 positions as part of a restructure across the U.S. and Canada.

The hair salon chain made the announcement on Thursday, saying the role cuts – which include 15 contractors – will generate $18.7 million in savings.

It comes after a period of major change for the brand, which last year went to a wholly franchisee-owned enterprise when it sold its remaining 3,100-plus salons to franchisees.

At this stage, it's not clear how many of the cuts will fall in Minnesota, with the positions affecting mainly administrative and support roles.

But given that the company is headquartered in the Twin Cities (currently Edina, but soon to be St. Louis Park), there's a good chance that Minnesota workers will be impacted.

"We have been successful in transferring salons to franchisees at a faster rate than we originally expected, which allowed us to take these actions early in the new calendar year," said Regis CEO Hugh Sawyer.

"While redesigning our cost structure is an important aspect of our strategy, we recognize these changes represent a deeply personal impact to our employees and their families and we are grateful for the many contributions they have made to the historical achievements of Regis."

Follow BMTN on LinkedIn

Next Up

Related