Harley-Davidson Announces 700 Layoffs in Restructuring Plan

Harley-Davidson (NYSE: HOG) announced its new Rewire strategic plan in April 2020, as the COVID-19 pandemic worsened a business already hit by tariffs and slumping sales. Today, the company said it was overhauling its global business model to become more nimble and focused. CEO Jochen Zeitz said, "We've taken a hard look at our entire setup, our spending, and how work is getting done, to align our operating model, structure, and processes."