By JOSEPH PISANI AP Retail Writer
NEW YORK (AP) — The New Albany-based owner of Victoria’s Secret and Bath & Body Works says it is cutting 850 office jobs, or about 15% of its corporate workforce.
L Brands, like other retailers, has been dealing with a sharp drop in sales after temporarily closing stores due to the coronavirus pandemic.
Levi’s, for example, said earlier this month that it would cut 700 office jobs.
L Brands said it expects second-quarter revenue to have fallen 20% from a year ago.