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layoffs, retailer
(Image from article: "Sellers Woo Shoppers With Guarantees to Address Layoff Worries")

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After laying off employees, J.C. Penney hires Oracle Corp. to take over IT duties

Penney CEO Ron Johnson has said the retailer had too many legacy systems that were all customized and so came with expensive maintenance costs. The outsourcing move is one of the cost-saving decisions that Johnson is implementing with the goal of coming up with $900 million in annual expense cuts. Those cuts are paying for Penney’s transformation into “America’s favorite store.” Penney employees will run Oracle’s software and it no longer will need as many IT people as it did to run and update its legacy systems.

 

Sellers Woo Shoppers With Guarantees to Address Layoff Worries

Sellers Woo Shoppers With Guarantees to Address Layoff Worries

To get nervous consumers to buy, companies are promising refunds, and sometimes more, in the event of a job loss.

 

Amazon to Close Some Distribution Centers

Amazon.com is shutting distribution centers in three states, and will lay off or transfer to other nearby facilities about 210 employees.

 

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