Vera Bradley to cut corporate jobs to ‘right size’ expenses, CFO to leave

Vera Bradley Inc. said late Tuesday that is embarking on a reorganization, aiming to cut costs by an additional $12 million and replacing its chief financial...

Vera Bradley Inc. VRA said late Tuesday that is embarking on a reorganization, aiming to cut costs by an additional $12 million and replacing its chief financial officer. The company plans to cut about 25 corporate positions to “further right-size the expense structure of the enterprise.” Vera Bradley said that Michael Schwindle will join the company as chief financial officer on May 8.

VRA said late Tuesday that is embarking on a reorganization, aiming to cut costs by an additional $12 million and replacing its chief financial officer. The company plans to cut about 25 corporate positions to “further right-size the expense structure of the enterprise.” Vera Bradley said that Michael Schwindle will join the company as chief financial officer on May 8.

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