Harrods, the iconic luxury department store, is cutting nearly 700 jobs after struggling during the COVID-19 pandemic

• UK luxury department store Harrods is cutting nearly 700 jobs, around 14% of its workforce. 
• In a memo to employees on Tuesday, CEO Michael Ward said the cuts were a direct result of the pandemic, which kept Harrods' flagship store closed for several months. 
• Areas of the business that were most impacted by the lockdown face job losses, he said.
• Visit Business Insider's homepage for more stories.

The UK's most iconic luxury department store is axing nearly 700 jobs to cut down on costs after being hit hard by the pandemic. 

Harrods CEO Michael Ward told employees about the cuts in a memo early on Tuesday, June 30.

See the rest of the story at Business Insider

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