B&N to Save $40 Million Following New Layoffs - Publishers Weekly

Today, Panzer made a stop at the Publishers Weekly site. With just a little digging around our kitty boy found a post about Barnes and Noble's newest employee layoffs.

According to the post by Jim Milliot, Barnes and Noble is in the process of making an undisclosed number of employee layoffs. The layoffs are scheduled to be finished by February 16. While the company plans to pay $11 million in severance payments to the employees, it's estimated there will be a $40 million savings in payroll costs.There has been no announcement concerning what departments the layoffs have occurred in.

Why are your plans a secret?

Panzer says, "Hmm ... This little kitty wonders which employee classifications were let go."

Note: This is a long-short post. Bring a cup of tea and half a muffin for today's reading selection.

To read the post tootle over to Barnes and Noble layoffs