Neiman Marcus will cut 5% of workforce as part of operating model in a bid to accelerate its growth roadmap.
The moves come as part of its ‘Revolutionise Luxury Experiences’ strategy, and will include a realignment of its leadership team structure.
Meanwhile, the group has identified open roles that would support its operating model going forward, which it said would be filled based on business needs.
As part of the changes, NMG’s brand presidents will take on additional group-level responsibilities for strategic capabilities.
NMG hopes this new operating model, centred around luxury customers, will push fast decision-making and accelerate the company’s competitive advantage.