Report: Staples cutting hundreds of jobs as part of ‘streamlining’

Staples on Monday announced several key executive moves as part of an organizational “streamlining.” But the retailer did not mention that it also was cutting hundreds of corporate jobs, according to a published report.



The report, by Fortune.com, said that pink slips were handed to both junior and senior employees of the chain.



“It was a bloodbath,” one source said in the report.



In another report, the layoffs were confirmed to the Boston Globe by a Staples employee who asked not to be named over job concerns.