Pangaia to Cut up to a Third of Jobs in Swiss Move

Fashion start-up Pangaia is planning to move its headquarters from London to Switzerland in a restructuring that could cost as many as 50 jobs — roughly a third of the company’s workforce.

The changes are intended to streamline operations and improve efficiency that has been lost as the company has grown, Pangaia said in an internal email seen by BoF.

The planned job cuts are the latest in a wave of layoffs to hit the industry as brands…