Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

J.C. Penney to Eliminate Thousands of Jobs, N.Y. Post Says

J.C. Penney Co., run by Apple Inc.’s former retail chief, will cut thousands of jobs as part of a plan to overhaul the company, the New York Post reported.

Chief Executive Officer Ron Johnson is eliminating positions that involve re-tagging merchandise and putting up temporary signs and displays, the Post said, citing people it didn’t name. The reductions will affect employees at almost all of J.C Penney’s 1,200 stores in the U.S.

The job cuts are part of a strategy to replace the company’s traditional sales and clearance events to offer everyday low prices, the newspaper said. J.C. Penney is holding an event on Jan. 25 to announce Johnson’s plans.

The Post said Johnson is being encouraged to cut jobs by J.C. Penney’s largest shareholders, William Ackman and Steve Roth.

Kate Coultas, a spokeswoman for J.C. Penney, didn’t return a phone call and e-mail seeking comment before business hours.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.