L Brands Preparing to Cut 15% of Its Corporate Jobs

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L Brands Preparing to Cut 15% of Its Corporate Jobs
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Victoria's Secret parent company L Brands is preparing to lay off about 850 corporate employees, or about 15% of the jobs at its home office

The company, which owns the Victoria’s Secret and Bath & Body Works chains, said it would save about $400 million a year from the layoffs and other cost-cutting measures, such as cutting back on inventory and closing stores.

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