Faced with steep declines and affluent consumers losing wealth in a deteriorating economy, Saks Inc. pulled the trigger on a sweeping round of cutbacks on Thursday, saying it would eliminate 1,100...
January 15, 2009
Saks Lays Off 9% of Workforce
Faced with steep declines and affluent consumers losing wealth, Saks Inc. said it would eliminate 1,100 positions.
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