FILE PHOTO: The sign outside the Bed Bath & Beyond store is seen in Westminster, Colorado, June 22, 2016 REUTERS/Rick Wilking
February 27, 2020
(Reuters) – Home furnishing retailer Bed Bath & Beyond Inc <BBBY.O> 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)
