Publisher's Weeklyreports that Borders has laid off another 164 people in its distribution centers and its corporate headquarters.
In the newest round of cuts, 124 corporate jobs were eliminated at Borders’ Ann Arbor headquarters and other offices with 40 coming at its warehouses and distribution centers. The downsizing is a response to poor holiday sales and the closing of 183 outlets in the Walden specialty group. A majority of the corporate cuts came in the company's finance and information technology divisions. The company said in an e-mail to employees that it is evaluating the staffing needs of its stores and changes could come in a few weeks. Employee blogs are filled with speculation that store cuts are imminent.
PW says that the company is also planning more cuts to the workforce at its stores. Last year the company laid off 700 store employees.
