Chain Store Age
Bed Bath & Beyond Inc. continues its ongoing turnaround efforts with a cost-saving workforce reduction that includes some high-level executive roles.
The beleaguered home goods company said Tuesday that it has reduced the corporate workforce at its Union, N.J., headquarters by about 7%, including vice presidents, directors, managers and professional staff. As part of the realignment, Eugene A. Castagna, president and chief operating officer, has left the company, also as of Tuesday, and the role of COO has been eliminated. Job cuts were also made at select locations where corporate associates were employed.. . . more