Thread regarding JCPenney layoffs

Massive layoffs

Rumor has it in Plano Corp offices another massive layoff us about to happen in Corp offices and supply chains. More stores to close than reported... looking to restructure.

by
| 1591 views | | 1 reply (June 25, 2019) | Reply
Post ID: @OP+ZHBtPWW

1 reply

Rumor has it the company may file for a partial chapter 11 BK in October. Not a complete wipe but many layoffs and a lot of store closures. I think the axe is coming down and soon. Plus all the changes lately and pinching a penny even further. More tight of a payroll, less inventory, even online. Too many items being sold out and not replenished. The reduction of Nike merchandise lately etc... Something is happening for sure!

by
| | Reply
Post ID: @2scm+ZHBtPWW

Post a reply

: