Here's the email Sears' CEO just sent to the company announcing layoffs (SHLD)

pulse

June 13, 2017 8:24 PM

Sears said Tuesday it's cutting 400 jobs at corporate offices as it works towards a goal of cutting costs by $1.25 billion in fiscal 2017.

Sears said Tuesday it's cutting 400 jobs at corporate offices as it works towards a goal of reducing costs by $1.25 billion in fiscal 2017.

The cuts will primarily affect workers at Sears' headquarters in Hoffman Estates, Illinois.

In an email to corporate employees on Tuesday, Sears CEO Eddie Lampert said the company is parting with three senior executives as a result of the cuts, including Stephan H. Zoll, president of oDavid Pastrana, president of apparel; and Eric Jaffe,

The move comes one week after the retailer revealed it was closing 65 more Sears and Kmart stores, in addition to the 180 closures announced earlier this year.

Sears has also been eliminating store-level positions this year, as well as slashing hours for its part-time workers.

Do you work at Sears or Kmart and have a story to tell? Email this reporter at hpeterson@businessinsider.com

pulse