Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus , is slashing 16 percent of its corporate workforce as it looks to emerge from bankruptcy protection this year, according to reports. About 640 jobs, under four percent of the company’s total workforce, are being cut. The positions impacted do not include retail or distribution staff, a source told The Wall Street Journal. Since filing for bankruptcy protection in January, Saks has closed a number of its department stores as the company focuses on its most profitable businesses. At the time Saks filed for bankruptcy protection, it employed about 17,000 people. Some of the cuts were made as a result of Saks exiting businesses and streamlining operations, while others were made as part of ongoing changes the company has been making since its 2024 acquisition of Neiman Marcus, according to the report.…