Pink Slips Are High Fashion At JCPenney

Heads are rolling again at JCPenney.

The flailing retailer — whose CEO, Ron Johnson, is now fighting for his own job — has fired 1,500 store-level department managers and merchandising positions across its chain, The Post has learned.

The layoffs this week are the latest carnage at Penney, which last month eliminated 300 positions at its headquarters in Plano, Texas, according to sources.

Last April, in the first of two major rounds of layoffs, Johnson canned 8,000 store-level positions, including managers and assistant managers, sources said.

-snip-

In January, the 1,100-store chain laid off 1,000 receptionists at its salons.

Read more at nypost.com

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