J.C. Penney (JCP) laid off about 1.5K workers, according to The New York Post, a mark lower than...

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

J.C. Penney (JCP) laid off about 1.5K workers, according to The New York Post, a mark lower than reports from some other sources. Whatever the carnage total comes in at, what's key is that store-level department managers are among those getting the pink slips. Each round of layoffs has worked progressively up the corporate ladder from the initial batch of cuts of receptionists over a year ago. JCP +0.7% premarket to $14.95 - for a stock which once swapped hands at over $40 a pop.