Talbots to reduce corporate staff by 9%

Share this article:

The Talbots Inc. is reducing its corporate headcount by approximately 9% as part of a strategic long-range plan to streamline operations and rationalize cost structure.

The cuts are taking place across multiple locations and at all levels. The company expects this action to result in estimated annualized cost savings of approximately $14 million.

“A key finding of our strategic review completed in the first quarter of 2008 was the need to realign and streamline internal company functions to enable the successful execution of our long-range plan,” said Trudy Sullivan, president and CEO at Talbots, in a statement.

The cuts announced today include COO Philip Kowalczyk, who will leave the company in early July. His responsibilities will be absorbed by other executives of the company as part of the realignment.

Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

7 Ways to Take Your Marketing Strategy to the Big Leagues

7 Ways to Take Your Marketing Strategy to ...

A game-winning omnichannel strategy must be seamless, synchronous, and symbiotic.

Pet World's Multichannel Marketing Is a Whole Other Animal

Pet World's Multichannel Marketing Is a Whole Other ...

The family owned pet store redesigns its website to bring the in-store experience online.

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.