HBC Cuts Jobs Across Businesses
Retail
In a cost-saving move Hudson's Bay Company is eliminating 2,000 jobs, that are expected to save the company $350 million dollars. Saks Fifth Avenue, Lord&Taylor and Gilt are affected with senior-level management positions eliminated, layoffs and demotions.
The jobs cuts are part of HBC's "Transformation Plan". TCC wonders if HBC's transformation plan is part of a larger strategy that will allow the company to acquire Neiman Marcus or if it's an indicator that the purchase is off the table.
The jobs cuts are part of HBC's "Transformation Plan". TCC wonders if HBC's transformation plan is part of a larger strategy that will allow the company to acquire Neiman Marcus or if it's an indicator that the purchase is off the table.
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