J.C. Penney (NYSE:JCP) laid off 1,500 store-level department managers and merchandising employees this week, according to a report from the New York Post.
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The Post, citing sources, said J.C. Penney’s layoffs were across the chain.
Last month, the retailer eliminated 300 positions at its Plano, Texas, headquarters. The company cut 8,000 store-level employees last April, followed by another 1,000 layoffs in January.
J.C. Penney didn’t immediately respond to a request for comment.
The latest round of job cuts follows reports that J.C. Penney’s board may consider a sale of the company, or ousting CEO Ron Johnson.
Shares of J.C. Penney were up 1.7% to $14.67 early Thursday.