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The Detroit News reports that Sears Holdings, which owns both Sears and Kmart, is preparing to announce major layoffs in its Kmart division, with some estimates saying that “thousands” of Kmart’s 133,000 workers would be laid off.

According to the News, “The moves will be the latest blow to Kmart workers, who have suffered though a Chapter 11 bankruptcy filing, numerous stores closings and reduction in full-time positions in recent years. The cost-cutting has only intensified since the discount retailer merged with Sears Roebuck & Co. last year in a deal that created Sears Holdings Corp.”

An email reportedly has been sent to store managers telling them that when they explain the layoffs to survivors, they should say: “"As you may have heard, this morning/afternoon some of your fellow associates are no longer working with us. I realize it's never easy to say farewell to colleagues and friends, but for us, for Kmart and for Sears Holdings to grow and stay relevant to our customers, we must continually evaluate how we can operate most efficiently and effectively."
KC's View:
Grow and stay relevant to customers?

That horse left the barn long ago. And then died, unattended and uncared for.

The only question now is what to do with the carcass.