FX.co ★ Kohl's To Eliminate About 10% Of Its Corporate Workforce : Reports

Kohl's (KSS) is set to reduce around 10% of its corporate staff as part of efforts to enhance its business operations, according to multiple media sources. These reports reveal that over 50% of the workforce reduction will result from not hiring for vacant positions, while the rest will involve the removal of current roles. Earlier this month, the company also reportedly disclosed intentions to close 27 underperforming stores across 15 states in the U.S. by April.