This week Bed Bath & Beyond will cut 2800 jobs in the corporate office and the retail stores as the company continue to feel the effects of the COVID-19 pandemic.
The moves are expected to save the company around $150 million. The news of the furloughs comes after the company made the decision to close over 200 stores over the next two years.
Bed Bath & Beyond also says that the company will eventually begin to put more emphasis on digital sales moving forward.