Borders Group has cut another 164 positions at with job reductions coming in its corporate headquarters and distribution centers. Cuts in its store workforce are expected soon. In the newest round of cuts, 124 corporate jobs were eliminated at Borders’ Ann Arbor headquarters and other offices with 40 coming at its warehouses and distribution centers. The downsizing is a response to poor holiday sales and the closing of 183 outlets in the Walden specialty group. A majority of the corporate cuts came in the company’s finance and information technology divisions. The company said in an e-mail to employees that it is evaluating the staffing needs of its stores and changes could come in a few weeks. Employee blogs are filled with speculation that store cuts are imminent.
The layoffs came two days after Michael Edwards was named interim CEO, replacing Ron Marshall who has joined A&P. No executives were affected by the cuts.
Borders went through several rounds of last year, including 136 in Ann Arbor and over 700 in the stores.
