Kohl’s announces 10% corporate workforce reduction, WSJ reports

Kohl’s (KSS) is slashing roughly 10% of its corporate workforce, two weeks after installing a new chief executive, The Wall Street Journal’s Suzanne Kapner reports. More than half the reductions will come from eliminating unfilled positions, according to a spokeswoman. The rest will come from eliminating roles that report into its Menomonee Falls, Wis., headquarters. The downsizing follows an announcement that the company planned to close 27 underperforming stores and an e-commerce fulfillment center in San Bernardino, California.