Thread regarding JCPenney layoffs

Major layoffs at home office

As part of ongoing efforts to manage expenses, simplify operations and streamline workload in support of the Company`s long-term growth and profitability, approximately 130 Home Office positions were eliminated across various departments. Additionally, JCPenney recently restructured its group, regional, district and store support teams. This restructure eliminated bureaucracy, reduced support positions and reallocated store headcount to customer-facing positions. While the restructuring enabled the vast majority of impacted associates to assume a new role or leadership position within the stores organization, approximately 230 positions were subsequently eliminated.

https://finance.yahoo.com/news/jcpenney-announces-strategic-realignment-senior-125102274.html

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| 1814 views | | 2 replies (last March 2, 2018) | Reply
Post ID: @OP+RZyKuec

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true

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Post ID: @ivn+RZyKuec

Just like thousands of retailers across the nation, this has nothing to do with "streamlining" or "Restructuring."

Make no mistake, this is the end of JC Penney.

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Post ID: @oba+RZyKuec

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