Shares of Harley-Davidson Inc. /zigman2/quotes/207565294/composite HOG +0.96% fell 0.9% in morning trading Thursday, after the motorcycle maker disclosed that it will cut about 14% of its workforce as part of a restructuring, and said Chief Financial Officer John Olin is stepping down, effective immediately, after 10 years in the role. The company said in a filing with the Securities and Exchange Commission that it told its employees Thursday it will cut 700 jobs globally, impacting about 500 current employees. The company had about 5,000 employees as of Dec. 31, according to SEC filings. 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. The stock hsa gained 20.0% over the past three months but has lost 31.8% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.06% has slipped 3.2% this year.