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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The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.