Morning Coffee Jan 24 2012

J.C. Penney Lays Off Holiday Workers

By damian ghigliotty

J.C. Penney is cutting thousands of jobs, including seasonal and permanent workers, as it gets ready to unveil its new company strategy on Wednesday, the New York Post reported.

The "vast majority" of the layoffs are seasonal hires, Rebecca Winter, a company spokesperson, told FINS in an email.

"J.C. Penney staffs thousands of seasonal hires across our more than 1,100 stores to help during the busy holiday shopping season. As is a typical practice in the retail industry, the temporary employment of these seasonal hires will come to an end," she wrote. She declined to say how many jobs will be eliminated in total.

The Plano, Texas-based retailer hired 35,000 holiday workers this year. The cutbacks include teams of permanent staffers, according to the Post. About 4,000 employees have taken early retirement since the summer.

In the last year, J.C. Penney has appointed seven new top executives including: a new chairman, chief executive, president, chief operating officer, chief talent officer, chief technology officer and chief financial officer.

Talk about a lot of new faces.

Sales Buzz

Live Chat With Glassdoor (The Juggle)

Rusty Rueff, a career expert at Glassdoor.com and the former head of human resources at Electronic Arts and PepsiCo, is answering questions about resumes, job applications and interviews in a live chat on Tuesday, Jan. 24 at 12 p.m. ET at WSJ.com. Ask your questions now.

Social Selling (Forbes)

Forbes talks to Phil Arturi, president and founder of the business development consulting firm White Hawk Sales Partners, about his approach to social selling.

Leading the Board (Retailing Today)

Target's president and chief executive, Gregg Steinhafel, is the new chairman of the Retail Industry Leaders Association, an industry trade group.

Marketing Buzz

More Travel Jobs (NYT)

Travel businesses, including hotel, rental car, airline and entertainment companies, have begun to hire again after the slowdown in 2008 and 2009.

Capturing Spanish Viewers (WSJ)

News Corp. is teaming up with the Colombian television broadcaster RCN Television SA to launch a Spanish-language television network for the U.S. The move comes as media companies race to tap the into flourishing U.S. Hispanic population. News Corp. is the parent company of Dow Jones, which owns FINS.

Netflix Needs CMO (Marketing Week)

Netflix is on the hunt for a new chief marketing officer to replace Leslie Kilgore, who joined the board as a non-executive director. Vice president of marketing, Jessie Becker, takes over for the interim.

Buzz Around the Office

Young Drummer (YouTube)

Hey, pretty good rhythm for a five-year-old.

List of the Day: New Rules for Finding a Job

Keep these in mind as you continue your job search.

1. Don't give away too much that could exclude you, like telling an interviewer you need to have knee surgery.

2. Realize the hiring process is meant to exclude you and find a way around it.

3. Make sure your resume is formatted correctly.

(Source: Glassdoor.com)



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