Neiman Marcus laid off 500 employees, or 3 percent of its workforce

[TexasTowelie]

Neiman Marcus laid off 500 employees today which represents about 3 percent of its workforce of 16,000 people.

That includes about 157 people in Dallas where the luxury retailer is headquartered and employs about 4,800 people.

CEO Karen Katz said no sales associates have been let go and all the job cuts are in corporate and support positions. The cuts were throughout the company including distribution facilities.

“Even as we adjust our course, our mission is unchanged,” Katz said. “ Every employee of Neiman Marcus Group has a single focus: our customer. We remain dedicated to serving them by offering the most incredible luxury and fashion merchandise in the world’s most beautiful stores and dynamic websites.”

Read more: http://bizbeatblog.dallasnews.com/2015/10/neiman-marcus-laid-off-500-employees-or-3-percent-of-its-workforce.html/

[dixiegrrrrl]

1. Look at these layoffs to date:

http://www.zerohedge.com/news/2015-10-01/if-you-work-here-quit-you-are-fired-20-largest-us-layoff-announcements-2015

[yeoman6987]

2. But were told the economy is improving.......

We are being sold a bunch of junk wrapped up in a bow.