Neiman Marcus Lays Off 500 Workers

Luxury emporium Neiman Marcus became the latest retailer to cut jobs, laying off 500 corporate and support employees on Thursday. The cuts, first reported by The Dallas Morning News and confirmed by a Neiman spokeswoman, include 157 jobs in Dallas, the hometown of Neiman Marcus, which recently filed paperwork to once again be listed on the stock exchange. None of the cuts involve sales staff, CEO Karen Katz told The Dallas Morning News. The job eliminations amount to about 3 percent of Neiman’s total workforce of 16,000 employees.