Bed Bath & Beyond is eliminating 2,800 jobs effective immediately, as the troubled retailer tries to streamline its operations and shore up its finances amid the pandemic.
The significant reduction of corporate employees and retail workers will help Bed Bath & Beyond save $150 million in annual pretax cost savings, the company said Tuesday. As of February, the retailer had 55,000 employees, so the cuts amount to 5 percent of its total workforce.
