Sears Holdings slashes 115 corporate jobs

In its next round of cost-cutting moves, Sears Holdings has issued a layoff of 115 of its corporate employees, according to Crain's Chicago Business.

Of the 115 employees, 100 of the cuts will affect those working at the company's Hoffman Estates headquarters, with the remaining 15 at corporate support locations elsewhere in the U.S. They were also largely scattered across the company's 30 business units.

Crain's reported that there's speculation that consumer electronic buying jobs have been cut, as the retailer has previously pointed out its flagging electronics sales. However, a Sears spokesman denied the claim.

The layoffs are part of a larger narrative involving the struggling retailer's attempts to return to profitability.

The company has also recently laid off thousands of its retail employees, shuttered a significant number of its stores, and taken out loans from CEO Edward Lampert's hedge fund.

Sears Holdings said it would provide outplacement services and severance to those who are eligible.

Currently, there are about 5,000 people employed at the Sears Holdings headquarters.