More layoffs have taken place at the corporate offices of Sears Holdings in Hoffman Estates, Ill., CNBC.com reported. According to a WARN notice filed in Illinois a few weeks ago, about 200 workers have been laid off from the department store chain, with about 150 of those working specifically at Sears’ Hoffman Estates support center. This follows a round of about 220 jobs cut at Sears’ corporate offices earlier this year. Sears, having recently announced its plans to shutter 100 more unprofitable stores, is in the midst of evaluating a deal where Lampert would use his hedge fund vehicle, ESL Investments, to purchase some of the retailer’s assets to infuse cash into the business to keep it afloat. The company has been looking for ways to make it through the 2018 holiday season. It recently landed a deal with Citi for its branded credit card that injected more than $400 million into the business. It also earlier this month extended another credit facility, buying the company more time to pay back loans.
