Saks Global slashes 1,200 jobs after luxury retail giant files for bankruptcy

Business

Saks Global — owner of luxury stores including Saks Fifth Avenue and Neiman Marcus — is cutting over 1,200 jobs as it shutters more than a dozen locations nationwide following its bankruptcy filing earlier this year. The New York-based company filed Worker Adjustment and Retraining Notification notices earlier this month outlining plans to close 15 locations — 12 Saks Fifth Avenue stores plus three Neiman Marcus branches — triggering the layoffs. The closures are expected to take place between