Kohl’s Will Be Laying off 250 Workers For This Reason

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In its efforts to restructure, department store chain Kohl’s will be laying off 250 workers.

As part of these cuts, the company will be getting rid of a layer of regional store leadership roles and restructuring teams in its merchant organization.

According to Kohl’s senior vice president of communications, Jen Johnson, the changes will help Kohl’s streamline communications and eliminate the overlap of management positions.

The affected employees will be offered severance packages and outplacement services, according to Johnson. Those whose roles were eliminated were notified Wednesday.

No offices or stores are expected to be closed said Johnson.

It was recently revealed that Kohl’s had a dismal holiday season with same-store sales dropping 0.2% during November and December.

The stock closed Wednesday up about 2%.

Kohl’s is set to report fourth-quarter and full-year earnings on March 3rd.

Disclaimer: We have no position in Kohl’s Corporation (NYSE: KSS) and have not been compensated for this article.

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