Saturday, February 28, 2009

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Limited Brands layoffs 400

Lower-than-expected holiday sales have led Limited Brands to lay off 400 workers, 230 of them at its Columbus headquarters. Of the 400 jobs, 230 are in Columbus and 90 are in New York, said spokeswoman Tammy Roberts Myers. She declined to spell out where the rest of the workers are employed. The layoffs are effective March 7, but do not include any hourly store or hourly distribution workers, she said. Severance packages were offered based on time employed with the company and include health coverage during the severance period, as well as outplacement services, Myers said.

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