J.C. Penney to Cut Jobs — CBSNews.com

J.C. Penney has announced plans to cut 1,000 jobs as it tries to reboot operations:

“J.C. Penney plans to cut 1,000 of its roughly 85,000 jobs as it tries to fight its way out of bankruptcy protection. The jobs to be eliminated include corporate, field management and international positions, the company said Wednesday.”

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