Saks Global Is Laying Off About 5% of US Corporate Workers
A Saks Fifth Avenue store, owned by Saks Global, in New York.
Photographer: Yuki Iwamura/BloombergSaks Global is laying off around 5% of its US corporate workforce, according to a person familiar with the plan, as the department store integrates its recent acquisition Neiman Marcus.
The layoffs will affect employees in departments including finance, legal and operations, according to an internal memo that Saks Global sent to employees Tuesday that was viewed by Bloomberg News. There will be no staff changes at Bergdorf Goodman, which is also owned by Saks Global.