Kohl's announced a reduction of nearly 10% of its corporate workforce, a strategic move aimed at improving the company's profitability. The majority of these job cuts were achieved through the non-filling of open positions.
This decision comes as the department store chain navigates a challenging retail landscape and seeks to enhance its financial performance. The company has been focused on operational discipline and expense management.
The workforce reduction is part of broader efforts to streamline operations and allocate resources more effectively, supporting the company's turnaround plan under its new leadership.
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