Friday, February 20, 2009

More Major Cuts At Borders Corporate Level

From today's Shelf Awareness:
Borders Group has made another round of major cuts, laying off 136 people in corporate positions, most of which are in the headquarters office in Ann Arbor, Mich. The cuts follow the firing of 16 v-p's and directors earlier this month (Shelf Awareness, February 3, 2009) and 274 corporate jobs last June. Altogether the corporate cuts represent about 30% of Borders's corporate staff as of last May . . .

Yesterday's cuts were made in a variety of departments, from marketing and human resources to field management and corporate sales, and in a variety of levels, from entry level to middle management.

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