Kohl's cuts 15% of corporate workforce

Kohl's cuts 15% of corporate workforce

The sign outside a Kohl's store is seen in Broomfield, Colorado
The sign outside a Kohl's store is seen in Broomfield, Colorado, on Feb 27, 2014. (Photo: REUTERS/Rick Wilking)

REUTERS: Kohl's Corp said on Tuesday it has cut about 15 per 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.

Source: Reuters

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