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Kohl's cuts 15per cent of corporate workforce

1 week ago 10
Business

Kohl's Corp said on Tuesday it has cut about 15per cent of its corporate jobs as the department store operator looks to save cash at a time when the COVID-19 pandemic hammers its business.

The sign outside a Kohl's store is seen in Broomfield, Colorado FILE PHOTO: The sign outside a Kohl's store is seen in Broomfield, Colorado February 27, 2014. REUTERS/Rick Wilking

REUTERS: Kohl's Corp said on Tuesday it has cut about 15per cent of its corporate jobs as the department store operator looks to save cash at a time when the COVID-19 pandemic hammers its business.

The company said the job cuts will likely save it about US$65 million in annual expenses. (https://bit.ly/33w8Fkz)

(Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)

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