J.C. Penney has slashed 300 jobs in its Plano, Texas, home office.
That is around 9 percent of the total number who work there, according to The Dallas Morning News.
A statement from spokesperson Sarah Holland said the “difficult decision” to cut the jobs was necessary to maintain the retailer’s “financial growth targets.”
“It is essential that our operations align with the strategic priorities of the company,” the statement continued. “Over the last several months, the company has been evaluating its home office structure to identify opportunities for greater simplification and higher productivity.”
The company declined to say if anyone involved in the jewelry department had been affected.
A new CEO, Marvin Ellison, took over in August.
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