Bath \u0026 Body Works is laying off 130 workers, the latest in what has been a string of companies in Greater Columbus to reduce staff.
"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. Victoria's Secret said last month it was laying off 160 mostly management workers at its corporate offices in Reynoldsburg while OhioHealth said it was eliminating 637 jobs as part of a push it says is necessary to improve patient care. Meanwhile, tech company Olive laid off 450 workers and Root slashed 330 jobs at the beginning of the year.separated into two companiesThe company posted revenue of $1.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bed Bath & Beyond's stock soared as meme stock traders fueled the rallyMeme stock traders encouraged by GameStop Chair Ryan Cohen's latest bet on Bed Bath & Beyond drove the beleaguered retailer's shares up Tuesday.
Read more »
Bed Bath & Beyond soars 70% as meme traders talk up Ryan Cohen's call options purchaseBed Bath & Beyond jumped as meme stock traders piled in, encouraged by GameStop chairman Ryan Cohen placing another bet on the struggling retailer.
Read more »
Bed Bath & Beyond Stock Forecast: BBBY soars 40% on Ryan Cohen out-of-the-money calls$BBBY shares are up more than 40% on Wednesday's premarket. BedBathBeyond stock has gained 300% in past month. GameStop chairman ryancohen purchased 16,000 call contracts by claymarkets stocks trading
Read more »
Bed Bath & Beyond Stock Forecast: BBBY soars 40% on Ryan Cohen out-of-the-money callsBed Bath & Beyond (BBBY) stock is up 31% at $27.22 in Wednesday's premarket a day after it was disclosed that major investor Ryan Cohen had purchased
Read more »
Bed Bath & Beyond leads meme stock rally as retail punters pile inShares of Bed Bath & Beyond Inc jumped 26% on Wednesday, leading a surge in meme stocks again as individual investors continued to dabble in highly shorted shares.
Read more »
Coco Gauff retires due to injury in first round of Western & Southern Open; Naomi Osaka losesCoco Gauff retired from her first round singles match due to injury while Naomi Osaka lost her opener at the Western \u0026 Southern Open in straight sets.
Read more »