February 27, 2020 / 9:55 PM / a month ago

Bed Bath & Beyond to cut about 500 jobs

Feb 27 (Reuters) - Home furnishing retailer Bed Bath & Beyond Inc said on Thursday it would cut about 500 jobs, including management positions, as part of a restructuring program.

The company expects the program to cut annual SG&A expense by about $85 million.

The company expects to take net pre-tax charges of about $26 million related to the restructuring in the fourth quarter. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Shailesh Kuber)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below