Debate Magazine

Pink Slip Massacre at JCPenney

Posted on the 26 February 2013 by Eowyn @DrEowyn


JCPenney cutting 300 workers at headquarters

NY Post: The pink slip massacre at JCPenney has come a week late — but it may be even bloodier than feared. CEO Ron Johnson this week is cutting loose at least 300 workers at the retailer’s headquarters — a display of carnage that some employees had been dreading for weeks, calling it a “St. Valentine’s Day Massacre,” sources told The Post.

The cuts amount to at least 10 percent of the 3,000 workers at Penney’s HQ in Plano, Tex. The Post reported exclusively on Feb. 6 of the cuts.

We had a person crying as if she had just received word that someone had died,” a source close to the retailer said yesterday. “They get straight to the point in letting you know you no longer work for JCP.” A Penney spokesman didn’t respond to a request for comment.

About 75 workers in Penney’s legal, human-resources and information-technology departments had been given walking papers, according to insiders. A team of about 20 fashion-trend watchers lost their jobs yesterday — as well as designers in men’s and kids’ clothing, sources said.

The ax was expected to swing again — and some feared the cuts could drag on for a few weeks, sources added. “A large group was sent an e-mail and went into a room this morning,” a source said yesterday, relating the grisly scene. “They said almost everyone [being hired] is very young, and it is clear they only want young people.

The cuts will leave HQ with less than half the workers it had when Johnson took the reins in late 2011. Johnson is cutting jobs despite vague responses in recent weeks when asked whether layoffs were looming. That, in turn, is feeding growing cynicism among the rank and file, insiders said.

“The remaining employees can’t help but wonder if the timing has anything to do with the Martha Stewart trial,” one Plano worker told The Post, referring to the courtroom battle that began this week over Stewart’s licensing tie-up with Penney, which Macy’s charges violates its licensing deal with Stewart.

“Maybe upper management is hoping that the press will be looking in that direction and won’t notice what is happening back in Plano,” the employee said. In New York, testimony began in the much-watched trial. Macy’s CEO Terry Lundgren is expected to take the stand Monday.

I doubt the layoffs have anything to do with a trial. JCPenney has been tanking for some time. In early February they announced they were closing 300 to 350 stores and that and that their one-year stock performance was -53.6%.

JCPenney Father's Day ad with homosexual couple.

JCPenney Father’s Day ad with homosexual couple.

In February 2012, Johnson initiated a new (but undeclared) pro-homosexual policy. They’ve been going downhill ever since. Elections, agendas, and advertising campaigns have consequences.


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Big Food Giants Manipulate Public Health Policy in China

    Food Giants Manipulate Public Health Policy China

    Coca-Cola is at it again. As soda sales decline in the United States and Europe, beverage companies look to emerging economies like China for growth. And, it... Read more

    The 15 January 2019 by   Dietdoctor
  • Jewellery for a Precious You

    Jewellery Precious

    Jewellery is always close to a woman’s heart. It completes her look and boost confidence. Considering the changing trends in jewellery fashion, it becomes... Read more

    The 15 January 2019 by   Dr.jenifer Sayyed
  • Rajshri Productions’ Next Is A Film On Friendship | Hum Chaar | Trailer

    Abhishek Dixit’s debut feature film Hum Chaar is a Bollywood film made under the banner of Rajshri’s film. Hum Chaar is written and directed by Abhishek Dixit. Read more

    The 15 January 2019 by   Themoviean
  • Saint Paul the First Hermit

    Saint Paul First Hermit

    Today is the feast day of Saint Paul the hermit. This is a sweet and delicate Oatmeal Bread topped with rolled oats and naturally sweetened with agave. Saint... Read more

    The 15 January 2019 by   Veronica46
  • Irupathiyonnaam Noottaandu | Teaser | Pranav Mohanlal | Arun Gopy

    Arun Gopy’s Irupathiyonnaam Noottaandu is an upcoming Malayalam action-drama feature film starring Pranav Mohanlal and Zaya David in the lead roles. Read more

    The 15 January 2019 by   Themoviean
  • A Year Of Body Positivity

    Year Body Positivity

    Last January, as I sat there on New Years eve all set to make the same old resolutions I've made year after year for as long as I can remember, I realised how... Read more

    The 15 January 2019 by   Sparklesandstretchmarks
  • Garden Bloggers Bloom Day – Jan 2019

    Garden Bloggers Bloom 2019

    Euphorbia rigidaWhen I went out to take the photos for this blog post I was surprised at how much was in flower dotted around the garden. Read more

    The 15 January 2019 by   Patientgardener