Merry Christmas: Sears is laying off hundreds of corporate employees after announcing 96 store closings

Sears is laying off hundreds of corporate workers less than a week after announcing a new round of store closures, the company confirmed to Business Insider.

The layoffs impacted workers at Sears’ headquarters in Hoffman Estates, Illinois, as well as the company’s offices in San Francisco. The total number of laid-off employees is fewer than 300, according to a source with direct knowledge of the staffing changes.

Some employees were informed of the layoffs in a group meeting.

At the company’s San Francisco office, about two dozen employees were called into a room on Wednesday, where representatives announced that they would all lose their jobs, according to someone who attended the meeting and requested anonymity.

“It was a group layoff,” this person said. “There was a heartfelt apology, but that was it. … It was very abrupt, very quick.”

No individual meetings were held because “everyone was in the same boat,” this person said.

Sears’ parent company, Transformco, which also owns Kmart stores, confirmed the layoffs in a statement to Business Insider.

CONTINUE @ BI