Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

L Brands Cuts 850 Jobs and $400M in Victoria’s Secret Costs

Missed Sourcing Journal’s Virtual Sourcing Summit? It's not too late to view all keynotes and panels from the two days. Watch on demand now.

L Brands Inc. is eliminating 850 corporate staff as it works to stabilize its business. The 15 percent headcount reduction is part of the Ohio company’s efforts to drive $400 million in annual cost savings by retooling its management structure and labor model. L Brands will also collaborate with suppliers to find areas to rein…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!