Sears to Lay Off Hundreds of Corporate Employees After Announcing 96 Store Closings: Report

A worker cleans the sidewalk outside a closed Sears store in Dartmouth, N.S. on Oct. 11, 2017. The Canadian Press/Andrew Vaughan

The company that owns Sears and Kmart will lay off hundreds of corporate employees, according to a report on Thursday, coming after the firm announced it would close 96 stores.

Transformco confirmed the layoffs to Business Insider the Sears layoffs after reports emerged.