L Brands Inc.

Columbus, OH
https://www.lb.com/
Retail

Layoff Date:

July 29, 2020

Laid Off Employees:

850

Laid Off Percent:

15%

Source: Footwear News
The company, parent to Victoria’s Secret and Bath & Bodyworks, announced on Monday plans to cut annual costs by around $400 million, with about $175 million in savings to be reached this fiscal year. As part of the cutbacks, L Brands will lay off 15% of its head office staff, or about 850 associates.
Hiring? Check out the Layoff Network
The Drafted layoff network is a place where job seekers and people who are hiring can connect through their community, for free.
Learn More ->
Join over 7,000 readers to get the scoop on layoffs.
Your weekly briefing about layoffs, shutdowns, and department cuts sent to your inbox every Thursday.
Have a tip about an upcoming layoff?
Leave an anonymous tip or list of departing employees👇
Leave a Tip ->
About the Layoff List
The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source.
We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.