Sears is slashing 400 full-time jobs at its corporate offices, in Hoffman, Illinois, and from its support functions, the retailer announced Tuesday.
Stephan Zoll, president of Sears’ online operations, is also stepping down from the company, effective June 15, Sears said Tuesday in a separate 8-K filing with the Securities and Exchange Commission.
The 400 job cuts are part of the department store chain’s ongoing restructuring efforts, which are designed to deliver $1.25 billion in annualized cost reductions, the company said.
“We are m…
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