Bed Bath & Beyond Lays Off More Employees as It Fights to Survive
Bed Bath & Beyond’s latest round of layoffs have begun, according to a company memo obtained by CNBC.The struggling home goods retailer shared its third-quarter results on Tuesday.has begun its latest round of layoffs, as it fights to stay in business, according to a memo sent to employees Tuesday that was obtained by CNBC.
The home goods retailer told employees that it is eliminating the chief transformation officer role, which is held by Anu Gupta, on the same day itIn the email to employees, CEO Sue Gove said the company is reducing its workforce"across our corporate, supply chain and store portfolio." She did not say how many employees would be affected, but said it is necessary to ensure Bed Bath's future.
Gupta did not immediately respond to a request for comment. In a statement to CNBC, the company said it is"resetting elements of our foundation."
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