Sears Cuts 115 Jobs in Effort to Reduce Expenses

Sears Holdings cut 115 jobs at its headquarters and various corporate support locations as it seeks to reduce expenses in the face of years of losses. Employees were notified Tuesday that 100 positions at the company's Hoffman Estates, Ill., headquarters and 15 positions at other corporate support locations would be eliminated, effective immediately, the company said. The positions span various departments. About 5,500 employees work at the Hoffman Estates offices.