J.C. Penney (JCP) will fire at least 10% of its employees at its home office, according to...

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

J.C. Penney (JCP) will fire at least 10% of its employees at its home office, according to inside sources. The retailer reportedly delayed making the cuts until February in order to push the severance costs into the current fiscal year. More JCP drama could unfold later today with Ron Johnson set to be interviewed on CNBC. JCP -3.1% premarket.