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JCPenney’s parent company is cutting 9% of its corporate staff

Catalyst Brands, JCPenney's parent firm, is conducting a second round of corporate employee layoffs.
The company initiated these layoffs following its formation in January as a joint venture.
These cuts are part of an ongoing review to optimize structure across all Catalyst business units.
A Catalyst spokesperson stated they are in 'early stages of our integration' as they optimize roles; 9% are affected.
These actions follow February cuts of 5%, impacting Catalyst which launched with $9B in revenue and 60,000 employees.

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retaildive.com

Center

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+11 Reposted by 11 other sources

Lean Left

JCPenney is cutting 9% of its corporate employees

JCPenney’s parent company, Catalyst Brands, is slashing 9% of its corporate employees as part of an ongoing review of the newly formed business.

3 days ago·Atlanta, United States

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Bloomberg

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JCPenney Owner Catalyst Brands to Cut 9% of Corporate Staff

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3 days ago·United States

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MR Magazine

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2 days ago

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The Workers Rights

Second Round of Job Cuts Managed by Parent Company JCPenney: Layoffs to 9% of Corporate Staff

Catalyst Brands has now initiated 9% job cuts in its corporate workforce in efforts to structure and streamline the operations. As with the last lay-off currently on April 9, it comes only two months after its first lay-off in February, where some 5 percent were cut off from the company’s workforce. Catalyst previously boasted some...

2 days ago

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