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Penney lays off 350 workers at Texas headquarters

By Anne D'innocenzio
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NEW YORK (AP) — J.C. Penney Co. workers are feeling more pain as the department store chain struggles with a transformation.

More than five months into big changes under its new CEO, Penney announced Tuesday that it’s laying off another round of workers at its headquarters in Plano, Texas. The 350 workers being cut were primarily in finance, technology, product development and sourcing, according to company spokeswoman Kate Coultas.

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