JCPenney’s Parent Company, Catalyst Brands, to Lay Off 9% of Corporate Workforce

In a significant restructuring move, Catalyst Brands, the parent company of JCPenney, has announced a decision to reduce its corporate workforce by approximately 9%. This announcement, made public on April 9, 2025, raises concerns about the future direction of the retail giant, particularly in light of ongoing challenges faced by brick-and-mortar retailers in the evolving marketplace.

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