Kohl's lays off 15% of its corporate workers
AP Photo/Jeff Chiu, FileThe department store chain also laid off about 250 people in a separate restructuring in February. Visit Business Insider's homepage for more storiesKohl's Corp said on Tuesday it has cut about 15% of its corporate jobs as the department store operator looks to save cash at a time when the COVID-19 pandemic hammers its business.
laid off about 250 peopleThe company said in a filing with the US Securities and Exchange Commission on Tuesday that combined, the two rounds of job cuts could save it $100 million on an annual basis. Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Balyasny's training program for hedge fund portfolio managers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Inside Citi's exec shakeup — Chime's latest round — Buy now, pay later's future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Inside the real reasons behind Mike Corbat's early retirement - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Inside the life of an Uber driver in NYC during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Tech companies will now cut pay for workers fleeing Silicon Valley - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Luxury hotels offering WFH packages for remote workers - Business InsiderLuxury hotels are launching 'workation' packages to lure in travelers who can work remotely. We checked out 3 hotels in LA to see how their amenities stack up — here's what we found. (by MollyOBrien1996)
Read more »