As the company aligns its workforce with its store optimization strategy and reduced store footprint, J.C. Penney is reducing its workforce by about 1,000 corporate, field management and international positions.
J.C. Penney already has slated 152 stores for closure following an evaluation of performance and strategic fit, the company noted. The organization’s restructuring will create a smaller, more financially flexible company, and will help ensure the company emerges from both Chapter 11 bankruptcy and the COVID-19 pandemic as a stronger retailer.
“Each of these associates has made valuable contributions to the legacy of J.C. Penney, and we are truly grateful for their service,” said Jill Soltau, CEO, J.C. Penney. “These decisions are always extremely difficult, and I would like to thank these associates for their hard work and dedication. We are committed to supporting them during this period of transition.”