Sears has been run like the federal government for years. Too many departments, too many employees doing the same thing, too many people making rules, policies and procedures and decisions to justify their jobs, too many people making too much money, too many people not knowing what the other people are doing, too many meetings/conference calls, too much money spent on useless or soon to be scraped projects.......
Exactly what @SPTEqxu-1oln said. A lot of people that were cut needed to be cut. The only real problem is the cuts came when it was already too late to save the company.