Luxury retailer Saks Global filed for Chapter 11 bankruptcy in January. The company is now closing 12 Saks Fifth Avenue stores. This action will result in over 1,200 permanent job cuts. Worker Adjustment and Retraining Notification filings confirmed the layoffs in March. Employee separations are scheduled to take place throughout May.
https://www.thestreet.com/retail/luxury-retail-giant-saks-global-cuts-over-1200-jobs-after-bankruptcy-filing