Neiman Marcus to Cut 450 More Jobs

Neiman Marcus will cut an additional 450 jobs this week, and salaried employees are taking a pay cut.

The layoffs are company-wide “across all divisions and across all levels,” according to Ginger Reeder, veep of corporate communications.

Earlier this month, the company said it will report a loss in the just-completed quarter.

In January, the luxury retailer cut about 375 jobs, including 100 in the Dallas, Texas area.

Founded in 1907, Neiman Marcus is a luxury specialty retail department store, operated by the Neiman Marcus Group.