Bed Bath & Beyond lays off more employees as it struggles to survive
Publishing timestamp: 2023-01-10 18:13:13
Summary
Bed Bath & Beyond has begun its latest round of layoffs, according to a memo sent to employees. CEO Sue Gove said in an email that the chief transformation officer role has been eliminated. The struggling home goods retailer has been working with advisors to stave off bankruptcy filing while its financial position worsens. The company has cut about 20% of its corporate and supply chain workforce and closed about 150 of its namesake stores. Gove said in a memo that Bed Bath will hold a town hall on Wednesday to discuss its future.
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Keywords: business, business news, bed bath & beyond inc, retail industry, breaking news: business,
Source: https://www.cnbc.com/2023/01/10/bed-bath-beyond-lays-off-more-employees-as-it-fights-to-survive.html