15 Percent of Kohl's corporate jobs cut
6 days ago - By Fashion United
Kohl's Corp. disclosed in a regulatory filing on Tuesday that it reduced corporate jobs by about 15 percent, as it looks to save cash due to the business impact resulting from the COVID-19 pandemic.
According to reports, the department store operator cut jobs at its headquarters in Menomonee Falls, Wisconsin, as well as offices in New
York and Milpitas, California.
The retailer expects pre-tax costs of about 23 million for the restructuring actions, the majority of which will be recorded in the third quarter of 2020.
The company expects the job cuts will save it about 65 million dollars...
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