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Update: Sears Holdings Cuts 115 Corporate Jobs

Sears Holdings (NASDAQ:SHLD) announced that it was cutting approximately 115 corporate jobs to reduce costs. This includes approximately 100 jobs at its corporate headquarters at Hoffman Estates. This move is not a surprise given Sears' continued heavy losses and the large amount of store closures that it has announced. If anything, the headquarters cuts seem rather limited compared to the store…