The Wall Street Journal: L Brands plans to slash 15% of its corporate workforce
By Tue, Jul 28, 2020
L Brands Inc. said it plans to lay off about 850 corporate employees, or about 15% of the jobs at its home office, the latest restructuring at the embattled retail company.
The company, which owns the Victoria’s Secret and Bath & Body Works chains, said it would save about $400 million a year from the layoffs and other cost-cutting measures, such as cutting back on inventory and closing stores.
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