Tuesday, February 13, 2018

Barnes & Noble Is Laying Off Workers Amid Declining Sales


In a round of company-wide layoffs, Barnes & Noble has cut lead cashiers, digital leads and other experienced workers. Workers discovered the news when they showed up to work on Monday only to learn they no longer had jobs, CNBC reports.

“Given our sales decline this holiday, we’re adjusting staffing so that it meets the needs of our existing business and our customers. As the business improves, we’ll adjust accordingly,” a company spokeswoman told CNBC.

During the 2017 holiday season, sales dropped more than 6 percent to $953 million from last year’s. Same-store sales fell 6.4 percent, and online sales slid 4.5 percent.. . . more