Thursday, January 15, 2009

B&N Layoffs at Corporate Headquarters

A two-post day:

From today's Shelf Awareness:

For the first time in company history, Barnes & Noble has made major layoffs at its corporate headquarters, eliminating nearly 100 positions. Most of the cuts were "due to the reduction in store openings and consolidation of functional areas within its retail and online operations," the company said.

B&N has about 40,000 employees and 800 stores overall. The Wall Street Journal estimated that the 100 people laid off constitute 4% of corporate staff of about 2,500.

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