Stealth Layoffs At J.C. Penney, Reports Say

JC Penney job cuts
JC Penney job cuts

By Kim Bhasin

J.C. Penney Co. is quietly eliminating more positions in its stores company-wide, sources familiar with the matter told us. Store managers watched a "secret broadcast" on Tuesday afternoon, where they were informed that stores must prepare to "work harder with less" in 2013.