Report: Saks global to cut more than 500 jobs

Neiman Marcus in New York Credits: Neiman Marcus Saks Global is expected to cut further jobs this week. The reason for this is the merging of business units following acquisition of Neiman Marcus. The operator of Saks and Neiman Marcus is expected to lay off an estimated 550 employees, as reported by trade magazine WWD, based on sources. This number represents 3 percent of the Saks Global workforce. These job cuts particularly affect offices in New York City, Dallas, and other locations. Approximately 300 employees are affected. This is another round of job cuts after 5 percent of positions at the company headquarters were cut in February. In addition, around 500 employees, who worked at a recently closed Saks logistics centre in Tennessee, lost their jobs. The current redundancies this week are expected to focus on reducing duplicate structures and overlaps following the Neiman Marcus acquisition, according to WWD. As a result, the company wants to reduce costs and enable more efficient collaboration between teams. The sales, finance, operations, human resources, technology and transformation, and store teams are all affected. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com

Apr 23, 2025 - 16:16

Report: Saks global to cut more than 500 jobs

Neiman Marcus in New York *Credits: Neiman Marcus*

Saks Global is expected to cut further jobs this week. The reason for this is the merging of business units following acquisition of Neiman Marcus.

The operator of Saks and Neiman Marcus is expected to lay off an estimated 550 employees, as reported by trade magazine WWD, based on sources. This number represents 3 percent of the Saks Global workforce.

These job cuts particularly affect offices in New York City, Dallas, and other locations. Approximately 300 employees are affected. This is another round of job cuts after 5 percent of positions at the company headquarters were cut in February. In addition, around 500 employees, who worked at a recently closed Saks logistics centre in Tennessee, lost their jobs.

The current redundancies this week are expected to focus on reducing duplicate structures and overlaps following the Neiman Marcus acquisition, according to WWD. As a result, the company wants to reduce costs and enable more efficient collaboration between teams. The sales, finance, operations, human resources, technology and transformation, and store teams are all affected.

This article was translated to English using an AI tool.