Just off the wire today, company has hired a firm to restructure. Expect layoffs soon, store closures, and even a possible Bankruptcy. I said before a partial Chapter 11 was possible in October and if this says anything, it's that could be true.
Topics regarding layoffs at JCPenney
Rumor has it in Plano Corp offices another massive layoff us about to happen in Corp offices and supply chains. More stores to close than reported... looking to restructure.
So as we all know, JCP announced another bad quarter. Stock is once again below $1 and I'd say it will likely stay that way. Closings are being predicted this year, with a possible 100 stores to be closed. Do you all think we are going to see those... — read more
My store is a constant mess, store managers are shuffled around like crazy. Plus hours continue to be cut, and home often time is closed and has nobody even scheduled. I really don't see this company around in a few more years. Couldn't agree more... — read more
My store is seeing the drop on monthly bases - which has me really worried. Are other locations experiencing anything similar? Should I be worried about being closed?
Employed at JCP Logistics facility for Internet orders, not a store. Recent news has everyone baffled and angry. We were running 3 shifts a day, 3rd shift being quite small. They are going to ONE SHIFT ONLY, everyone on 1st shift, 10 hour days, 4... — read more
When can we hope to be able to read JCPenney related news without fearing we'll learn about more closing stores? They just keep adding and adding... Now the latest news is that dozens more stores could be on the chopping block. How are we supposed to... — read more
We finally have a list of all stores JCPenney is planing to close this year (unless they decide to add more, of course.) It's 18 department stores and 9 home and furniture stores. List is here:... — read more
In my short time with Jcpenney , the store gave no support towards the appliance department. Never being a real supervisor asking for keys so I could help out associates. Feeling like on a deserted island management not even taking an interest in... — read more
From what I gather, this is one of the eighteen previously announced but unnamed stores. Is there any chance there is a place where we can see how many of the eighteen have been named so far and where they are? I really can't understand why they... — read more
Im a former sales mgr. i will say the store i visted this week looks 100 percent better than just two months ago. much less product EVERYWHERE. Still a lot of clearance .. but you could actually see the merchandise and newness and less like a... — read more
Don't know about other stores, but J.C. Penney in Sikeston will be no more in a few months. The worst part? The store really wasn't doing that badly. Or maybe I'm just being biased since my sister works there. This is really a punch in the gut for... — read more
It's been too quiet lately when it comes to layoffs, so I can't decide if that is a good thing or just the calm before the storm. Has there been any news on more layoffs at JCPenney any time soon? Anything on more store closings? I'd really... — read more
Courtesy of our new CEO, we are starting the year with store closings. Only three have been announced so far, but he is planning to announce more next month. Great present from our new boss, right?... — read more
Courtesy of Zerohedge. Welcome to the penny stock class.
I worked there for over a decade and I watched it crumble around me. I finally left before giving them the chance to "eliminate" my position. The corporate culture at JCP is based on FEAR, INTIMIDATION and BULLYING and it comes from the top down... — read more
JCP keeps closing stores not sure what can help them
Is there going to be any reorg or JC Penney Layoffs in 2019?
Why are we touching Freight 3 or 4 times? Its touched at the DC and put in boxes randomly and placed randomly on pallets. We then unwrap the random pallets, sort the random boxes, sort to go to the floor and finally put to the floor ! Other major... — read more
RTV and sell the lot ! No one wants the bad merch we have gotten in the past two years and we have too much of it. 100's if plaid st John bay from q 4 and I'm sure more is on the way for this season. Our stores look a mess and are practically... — read more
If you doubt that JCPenney is nearing its end sometime soonish, read this. When we get compared to Sears, you better believe it things are going to go from bad to worse really soon... — read more
Our stores are a cluttered mess. Too many fixtures and no room to shop. Now we are adding more baby and toddler goods. We carry too many styles of everything. We no longer have the staffing to merchandise and recover 20 styles of Mens dress shirts... — read more
Seriously, it's like I read about another one closing every week, if not day. The latest one is in Evansville. My husband works at one of them so this is starting to get me very nervous. Hopefully it's not as bad as it seems to me right now, but I... — read more
Despite the closings, I think we are still doing better than a lot of retailers out there. The JC Penney Home Store in the Westridge Shopping Center, 10201 University Ave. in Clive, will close June 30, the company said... — read more
I worked at a higher volume store for a year as a sales supervisor. It was the most frustrating, chaotic year of my life. Horrible scheduling for the associate and management. Unrealistically short staffing, and expecting 4 closing associates to... — read more
JcPenney just laid off hundreds of their Custom Windows team including dispatchers and coordinators
I've read in several places now that JCPenney might be looking at another restructuring due to the major drop in price. I really hope this does not turn out to be the case, as we all know that restructuring means major layoffs. We already know some... — read more
I know that our stock is down because of it, but I'm frankly glad to see Ellison gone. We can easily recover from this temporary slump in share price if the new CEO is somebody capable who is actually able to turn around JCPenney, unlike his or her... — read more
When everybody is predicting drop in sales and earnings for the quarterly results, you know things are not getting better at JCPenney. I predect more layoffs in very near future... — read more
And the dominoes keep falling. The latest one is JCPenney Home store in Peoria which is being consolidated into the JCPenney store at Arrowhead Towne Center. I hope the employees get a chance to move there as well, but I highly doubt it... — read more
This is not a surprise as everybody knew what was coming after the sale of the building, but in case somebody missed it, here it is. J.C. Penney Co. Inc. has informed state of Wisconsin officials that layoffs of more than 520 employees at its massive... — read more
As part of ongoing efforts to manage expenses, simplify operations and streamline workload in support of the Company`s long-term growth and profitability, approximately 130 Home Office positions were eliminated across various departments... — read more
As somebody predicted, more store closings were announced today. These are the stores that will be closed sometime this year (so far): South County Center in St. Louis, MO Garden State Plaza in Paramus, NJ Sandburg Mall in Galesburg, IL Viking Plaza... — read more
This is really not good. It's not only that the stores are being closed, now JCPenney is closing its distribution and customer care center as well. Nearly 700 people in Wauwatosa will be out of a job by the end of summer. I think it's only a matter... — read more
JCPenney to close its Galesburg, IL location. http://wqad.com/2018/01/19/galesburgs-sandburg-mall-braces-for-change-with-pending-jcpenney-closure/ — read more
I was hoping we were on the way to recovery, but I guess I was wrong. It looks like JCPenney is on the death watch for this year together with Sears and Toys R Us. Dust off your resumes, everybody... — read more
JCPenney is closing Hampton Village store in St. Louis. Sad end for a store that has stood there for nearly seven decades. I feel for 45 people who will be laid off as a result of this. This store is outside the already announced 138 stores, which... — read more
I used to like working here. I truly did. But things have changed so much in the past several years that this became a completely different company. Scheduling s---s, plain and simple. Whether you are available or not, if the store thinks they need... — read more
i'm sick and tired of being required to harass our customers into submitting credit card applications... not everybody wants it, we are antagonizing them into not returning if we continue on like this... i especially don't appreciate being threatened... — read more