When luxury retail giant Saks Global filed for Chapter 11 bankruptcy in January, it did not expect to have to close so many existing stores as part of the process. But as is typical in bankruptcy proceedings, restructuring is inevitable. And with it come both expected and delayed layoffs. More than 1,200 jobs are being cut at Saks Fifth Avenue locations across the U.S. as the luxury retailer prepares to close a dozen stores as part of its reorganization plan. According to multiple Worker Adjustment and ...