J.C. Penney has eliminated about 650 jobs in an effort to adjust “our structure to better meet our strategic priorities,” according to a company statement. The job cuts followed an operational review by the company’s new owners, Simon Property Group and Brookfield Asset Management.
The latest round of layoffs, first reported by The Dallas Morning News, are spread across its stores, field operations and corporate headquarters and represent about 1.5 percent of the retailer’s workforce. It currently has more than 50,000 employees. Roughly 100 of the impacted jobs were at its corporate offices, where 3,500 people are employed.
The cuts, which were made last week, included eliminating open positions, while some employees were offered alternative roles where possible.