News Borders Bookseller Lays Off 742 or 3% of Workforce
posted on 2009-03-10 00:11 EDT
The American book retailer Borders Group announced that it laid off 742 employees on Thursday. The 679 jobs in Borders Superstores and 63 jobs at Waldenbooks Specialty Retail segment represent "less than 3% of its entire workforce. While Borders emphasized that the top manager in each store was unaffected, other "leadership positions, such as sales managers, inventory managers, training supervisors, and merchandise supervisors, were eliminated."