Pacific Sunwear has cut 11 percent of its headquarters and management staff by laying off 47 people, according to a story on Forbes.com.
The actions announced today are aimed at putting our company in a stronger position to weather the continuing challenges in the macroeconomic environment while enabling us to continue moving forward with the key strategic initiatives we have under way,” said Sally Frame Kasaks, chairman and chief executive.
Rough times for mall fashions, huh?
[Link: Forbes]
