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Neiman Marcus Lays Off Corporate Execs

"Neiman Marcus Group has eliminated an unspecified number of corporate roles, which affects less than 1% of its workforce," as part of a strategic realignment announced in February, according to Retail Dive. "At that time about 500 people, or about 5% of its workforce, lost their jobs. The latest move boosts 'cross functional collaboration,' which created the redundancies, according to the company’s statement last week."

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