J.C. Penney lays off 600 from headquarters
Two months into J.C. Penney's transformation, its workers are starting to feel the pain.
The Plano-based retailer said Thursday that it laid off 600 workers, or 13 percent of headquarters staff, as the company looks to streamline operations amid a major reinvention of the business. Penney will cut 300 more jobs at its customer call center in Pittsburgh when it closes the facility July 1.
The moves come as the company's CEO, former Apple executive Ron Johnson, is transforming every aspect of Penney's business, from pulling back on constant promotions to rethinking the brands it carries.
"We are going to operate like a startup," Johnson said in a news release issued Thursday that didn't cite specific job cuts. "We are going to be nimble, quick to learn, quicker to react and totally committed to realizing our vision to become America's favorite store."
Read more here: http://www.star-telegram.com/2012/04/05/3864700/jc-penney-lays-off-600-from-headquarters.html#storylink=cpy
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