Victoria's Secret Cuts 160 Management Roles in Reorganization

Victoria's Secret Cuts 160 Management Roles in Reorganization

By ReutersMore
Reuters
FILE PHOTO: The ticker symbol of Victoria's Secret & Co. is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew KellyREUTERS

(Reuters) - Victoria's Secret & Co said on Tuesday it had cut about 160 management roles, or 5% of its home office staff, and hired a former Amazon executive as part of a reorganization following its separation from L Brands Inc last year.

The company also named executives to three key leadership roles reporting to Chief Executive Officer Martin Waters.

Amy Hauk, who has been heading the company's PINK brand since 2018, will take on the additional role of chief executive of the Victoria's Secret division, the company said.