J.C. Penney Scraps 350 More Positions at Corporate Headquarters

PLANO, Texas-J.C. Penney has eliminated 350 additional positions in its corporate headquarters here, finishing off the restructuring of the corporate it announced in late January.

The new round of layoffs is in addition to the 900 positions, comprising both the headquarters and the closing of a call center in Pittsburgh, that were eliminated in April. In a statement, J.C. Penney said the corporate-office restructuring "is now fundamentally complete." The company also said the layoffs will contribute to its efforts to reduce expenses by $900 million by the end of this year, one year ahead of its original plan.

CEO Ron Johnson said the "right-sizing" of the headquarters was necessary as J.C. Penney progresses toward aligning its executive team with its new business model. "We have simplified processes, removed unnecessary work and reduced layers to help us make better and faster decisions," Johnson said.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money