Victoria’s Secret is laying off about 15 percent of the brand’s employees at its Columbus, Ohio, headquarters as the lingerie store struggles to reshape its image and the chief executive of its parent company remains under scrutiny for his ties to Jeffrey Epstein, NY Times reported.
The timing of the layoffs was unusual in the retail industry just before the key holiday season and involved senior leaders to junior staff. Victoria’s Secret has found itself facing dismal performance and it has discounted its products.
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