Sears is laying off 220 employees from corporate offices

More bad news from Sears.The retailer, which is struggling with turnaround plans and slumping sales, said Wedn...

Posted: Feb 1, 2018 10:10 AM
Updated: Feb 1, 2018 10:10 AM

More bad news from Sears.

The retailer, which is struggling with turnaround plans and slumping sales, said Wednesday that it's laying off about 220 people from its corporate offices, effective immediately.

Most of the affected employees worked at Sears' corporate headquarters in Hoffman Estates, Illinois, just outside Chicago.

"The company will provide severance and transition assistance to those who are eligible and, as always, we are committed to treating associates with compassion and respect during this difficult time," a Sears spokesman said in a statement.

The move is part of Sears' broader cost-cutting plans, which are an attempt to return the company to profitability.

Sears said earlier this month that it's planning to cut $200 million this year, above and beyond the stores it already planned to close.

Though many retailers have struggled recently, Sears' decline has been particularly severe. Sales at Sears and Kmart stores plunged over the holidays, while competitors such as Target, Macy's and Kohl's posted comparatively strong results.

Related: Sears had a miserable, miserable Christmas

The company has warned in the past that there's "substantial doubt" about its long-term viability. It has racked up about $11 billion in losses since 2010, its last profitable year.

The credit rating agency Standard & Poors recently downgraded Sears Holdings to the lowest rung of junk bond status.

Sears closed hundreds of stores in 2017, and intends to shutter 103 more this spring.

It's issued a notice to the Illinois government that more layoffs are on the way. The company said it expects to cut about 150 more employees at Hoffman Estates at the beginning of April.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 34622

Reported Deaths: 1215
CountyConfirmedDeaths
Hinds282449
DeSoto186519
Madison141936
Jones118549
Harrison109615
Rankin106315
Neshoba103976
Forrest97243
Lauderdale95481
Scott80915
Jackson74418
Washington70010
Copiah64215
Leake62120
Lee60022
Oktibbeha58928
Holmes57941
Warren57720
Grenada5698
Wayne56018
Yazoo5486
Lowndes53613
Leflore52856
Lamar5227
Lincoln51935
Pike48820
Sunflower4708
Lafayette4644
Monroe43935
Panola4326
Covington4295
Bolivar39418
Simpson3843
Attala38324
Newton36710
Adams34719
Pontotoc3396
Tate33313
Marion32412
Claiborne30011
Winston29611
Chickasaw29319
Pearl River28132
Noxubee2778
Marshall2763
Jasper2716
Clay25611
Walthall2497
Union24611
Smith23712
Coahoma2196
Clarke21725
Lawrence2022
Yalobusha2028
Kemper18314
Tallahatchie1784
Carroll17411
Humphreys16110
Calhoun1605
Montgomery1513
Itawamba1458
Tippah14411
Hancock14113
Webster13411
Jefferson1223
Tunica1213
Jefferson Davis1184
Prentiss1173
George1123
Greene11210
Amite1083
Quitman971
Tishomingo971
Wilkinson969
Alcorn942
Perry794
Choctaw754
Stone732
Franklin542
Sharkey470
Benton440
Issaquena101
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 49892

Reported Deaths: 1077
CountyConfirmedDeaths
Jefferson6219167
Mobile4625138
Montgomery4397111
Tuscaloosa258652
Madison19839
Marshall190411
Shelby155724
Lee153537
Morgan12415
Baldwin117011
Walker105631
Elmore100721
Dallas9789
Franklin92816
Etowah91914
DeKalb8647
Russell6650
Chambers66427
Autauga66214
Butler64529
Tallapoosa62569
Unassigned61627
Limestone5963
Houston5616
Lauderdale5556
Cullman5546
St. Clair4842
Colbert4816
Lowndes48022
Escambia4688
Pike4675
Calhoun4565
Coffee4164
Covington40312
Jackson4022
Barbour3772
Bullock37610
Dale3721
Talladega3677
Hale34323
Marengo34211
Clarke3036
Wilcox2998
Chilton2952
Winston2925
Sumter28713
Blount2811
Marion26714
Pickens2626
Monroe2553
Randolph2489
Conecuh2278
Perry2242
Bibb2151
Macon2129
Choctaw20912
Greene1929
Henry1463
Washington1367
Crenshaw1263
Lawrence1210
Cherokee1157
Geneva950
Lamar871
Clay822
Fayette811
Coosa631
Cleburne421
Out of AL00
Tupelo
Clear
73° wxIcon
Hi: 96° Lo: 75°
Feels Like: 73°
Columbus
Clear
72° wxIcon
Hi: 95° Lo: 72°
Feels Like: 72°
Oxford
Clear
68° wxIcon
Hi: 94° Lo: 74°
Feels Like: 68°
Starkville
Clear
68° wxIcon
Hi: 93° Lo: 72°
Feels Like: 68°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather