Market Watch
The motorcycle maker disclosed that it will cut about 14% of its workforce as part of a restructuring, and said CFO John Olin is stepping down, effective immediately, after 10 years in the role. Harley will record restructuring charges of $50 million through 2020, with about $42 million recorded in the second quarter. The company said it named Darrell Thomas, who has been treasurer at Harley for the past 10 years, as interim CFO, while it searches for a permanent replacement for Olin.