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Kohl’s is slashing its corporate workforce as it scrambles to make up for mistakes like carrying less inventory and shrinking its fine-jewelry business

Kohl Tom Kingsbury Ashley Buchanan Fortune

Kohl's worker walking out of a store (Credit: Getty Images—Justin Sullivan)

Kohl’s announced it’s making layoffs in its corporate division, amounting to “less than 200” employees. This comes after the Fortune 500 retailer closed dozens of stores this year.

Kohl’s has had a tough year, and on Tuesday the Fortune 500 retailer announced layoffs for its corporate employees.

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