Luxury Retailer Announces Corporate Layoffs as Bankruptcy Exit Nears
Saks Global is cutting approximately 16% of its corporate workforce (around 640 jobs) in a move to streamline operations and reduce costs ahead of exiting Chapter 11 bankruptcy. The layoffs are part of broader restructuring efforts that have already included store closures and over 1,200 job cuts at locations across the U.S.
Topics: Bankruptcy Job Cuts Restructuring