J.C. Penney (JCP) ended its fiscal year on February 2 with 116K employees, according to a SEC...

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

J.C. Penney (JCP) ended its fiscal year on February 2 with 116K employees, according to a SEC filing. The figure is a bit of a curiosity because it marks a reduction of 43K employees during the year, more than twice the job cuts CEO Ron Johnson testified on. The discrepancy may be in how seasonal workers are counted by the retailer. (10-K)