- Seattle, WA
Has anyone been over to the JCPenney facebook page? I guess firing and forcing retirement on thousands of people wasn’t a very good idea after all.
Humm, closing distribution warehouses another not so bright idea!! In the age of online ordering, warehouses come in pretty handy.
“We now operate with significantly fewer individuals who have assumed additional duties and responsibilities and we could have additional workforce reductions in the future,” J.C. Penney said in the filing. Combined with the company’s newly decentralized management structure, the changes “may negatively impact communication, morale, management cohesiveness and effective decision-making, which could have an adverse impact on our operating efficiency.”
Is this the first hint of — Yes, we are bankrupt?