Business Insider: JCPenney Is Quietly Firing More Store Employees After A 'Secret Broadcast'

[OmahaBlueDog]

via Yahoo! Finance: http://finance.yahoo.com/news/jcpenney-quietly-firing-more-store-140801863.html

One company exec told us that the number is in "the thousands," since every store has administrative assistants and cash room associates, and James Covert at the New York Post reported that the final tally will end up at 1,500. Update: JCPenney confirms to Reuters that the headcount is 2,200 workers.

Around 300 of JCPenney's 1,100 stores have Service Leaders, with two to four of them in each of those stores, depending on their size, according to the exec.

A Service Leader is JCPenney lingo for a sales manager, explained an employee who was informed yesterday that he's being laid off. He described his job as "basically a second-level store manager" who had overseen multiple departments in the store.

"It was right after a secret broadcast that we were all called one by one to be notified about the dismissal. We were told thank you for your hard work, your last day will be April 5," said the manager. "And there's nothing we could offer you."

More at the link, above.

[ZOB]

1. JCP is in jeopardy, as a company.

I'd imagine that they're trying to implement whatever cost-saving measures they can (legal or not) before they go under,

[jmowreader]

2. How dumb can you possibly be?

"Hey vault guy, we're firing you in a month."

Can you say 'widespread embezzlement'?