Designer brand BCBG Max Azria suffers layoffs

Contemporary brand BCBG Max Azria just confirmed that it will have mass layoffs this fall. According to filings from the California Employment Development Department, the company will have 123 cuts in employment.

The layoffs will be effective starting November 1. The Vernon-based company currently has not listed a reason for the cuts, although FashionUnited has reached out. These layoffs are announced right as Marty Staff was recently brought on to BCBG Max Azria as interim chief executive officer. Taking over eponymous founder Max Azria's role, Staff filled the position was Azria was on paid leave.

Currently, the company is in a turnaround to improve their business. The designer brand struggled financial in the past couple of years with a debt of approximately 685 million dollars in 2013. In the more recent, BCBG has worked to improve their debt and restructure financially. It's possible that these cuts are a way for the business to improve itself economically.