Kohl's

Menomonee Falls, WI
khols.com
Retailing

Layoff Date:

September 16, 2020

Laid Off Employees:

Laid Off Percent:

15%

Source: CFO
Hundreds of Kohl’s employees lost their jobs on Tuesday as the retailer slashed its corporate workforce, citing the COVID-19 pandemic. Kohl’s said it expects to save about $65 million annually through the reduction of its corporate positions by about 15%. It did not release the number of positions affected but thousands of people work in the corporate staff. The layoffs will “further align [Kohl’s] cost base in response to the business impact resulting from the COVID-19 pandemic,” the company said in a regulatory filing. Kohl’s previously eliminated around 250 positions in February as part of a pre-pandemic corporate restructuring. The pandemic forced Kohl’s to temporarily close all of its more than 1,100 stores this spring. The stores have reopened but revenue slipped 23.1% to $3.4 billion in the second quarter
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