Kohl’s has reduced its corporate workforce by about 10%, weeks after announcing the closure of 27 underperforming stores in 15 states. The move aims to increase efficiencies and improve profitability for the long-term benefit of associates and customers.
The retailer, which operates approximately 1,120 locations, expects full-year sales to be down 7% to 8% in 2024. More than half of the workforce cuts will come from closing open positions, while the remainder will affect current associates. The company has provided competitive severance packages to support those impacted.
In addition to the corporate restructuring, Kohl’s plans to close another 27 stores by April 2025. The affected locations are listed in a separate section. This move is part of the retailer’s efforts to adapt to changing market conditions and improve its financial performance.
Kohl’s has taken steps to inform associates about the impact of these changes and provide support during their transition.
Source: https://eu.usatoday.com/story/money/2025/01/31/kohls-corporate-layoffs/78100790007