In the midst of the holiday shopping season, the new CEO of Bed Bath & Beyond laid off most of his executive suite, according to news reports on Tuesday. The move comes weeks after the company announced it would close down dozens of stores across the United States.
The firm announced six members of its C-suite were leaving, including its chief merchandising officer, chief marketing officer, and chief digital officer, CNN reported. Three of the six had been at the New Jersey-based firm for more than 20 years.
