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.


  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017


    September 2017


    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.