JCPenney’s fledgling parent company, Catalyst Brands, is undergoing the second round of layoffs of its corporate employees as part of an ongoing review of the newly formed business.
Catalyst said in a statement on Wednesday that it’s in the “early stages of our integration” and that following a review of the organization spanning all business units, “we have identified areas where we can optimize our structure and roles” affecting 9% of its corporate roles.
https://whdh.com/news/jcpenneys-parent-company-is-cutting-9-of-its-corporate-staff/