J.C. Penney / Layoffs at headquarters to come

J.C. Penney (JCP) is planning layoffs at its headquarters in Plano, Texas, according to reports Wednesday.

The expected layoffs were first reported by the New York Post, which said chief executive Ron Johnson plans a 10% cut of the 3,000 employees who work at the home office.

J.C. Penney already let go 600 workers in April and another 350 in July.

The company did not immediately respond to a request for comment. A J.C. Penney spokeswoman told Dow Jones Newswires that the company doesn’t comment on rumors.

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via Reports: J.C. Penney Plans More Layoffs at Headquarters | Fox Business.