Report: Sears slashes HQ jobs

On the heels of announcing a comprehensive restructuring plan, Sears eliminated 130 jobs at its corporate office on Thursday, Feb. 23.



The layoffs, which are part of a $1 billion cost-cutting plan, were relayed in an email sent to corporate employees Thursday afternoon, according to Business Insider.



According to the report, the email from Eddie Lampert, Sears’ CEO, said, “This activity is necessary to create a more nimble operating structure capable of driving the company's strategic transformation forward. We highly value all of our associates and do not take these decisions lightly.”



To read more, including Lampert’s email, click here.