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Actionable news in JCP: J.C. PENNEY COMPANY Inc,

J.C. Penney cuts 9 percent of headquarters workforce

J.C. Penney has cut 300 jobs at its headquarters Thursday as it continues its restructuring efforts.

These cuts would eliminate nearly 9 percent of the jobs at the retailer's home office in Plano, Texas.

"As the company continues to make progress on its strategic framework and implement new processes and...