Bath & Body Works is laying off 130 workers, most of them in leadership positions, as part of a cost-cutting move, the retailer said Wednesday.
“As part of efforts to better position the organization for long-term growth and create organizationalefficiencies, the company recently simplified and realigned its operating structure,” the retailer said. “These actions included the elimination of about 130 roles, the majority of which were leadership positions.”
Bath & Body Works expects the cuts to save about $30 million in the back half of the year, not counting severance and other charges of about $6 million in its third quarter related to the organizational changes.
