Myron Ullman

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Mass Layoffs Backfired in JCPenney Overhaul

Slashing headcount wasn't one of Ron Johnson's better ideas

(Newser) - Of all the missteps that led to the plunge in sales at JCPenney and the exit of CEO Ron Johnson , the mass layoffs Johnson instigated may have been the most damaging, the Wall Street Journal reports. The firm's average 150,000 full- and part-time workers had been gutted to... More »

JCPenney Dumps 'Disastrous' CEO

Ron Johnson out, predecessor Myron Ullman in

(Newser) - JCPenney has ditched CEO Ron Johnson after a 17-month run that produced some of the most disastrous results in retail history . Johnson, who masterminded Apple's retail success, will be replaced by his predecessor Myron Ullman, reports the New York Times . The struggling chain is in the middle of a... More »

2 Stories