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Here's the email Sears' CEO just sent to the company announcing layoffs Sears laid off 130 employees at its corporate offices on Thursday as the company struggles to stay afloat following a dismal holiday quarter. Sears CEO Eddie Lampert announced the layoffs in an email sent to corporate employees Thursday afternoon. He said the job cuts are part of a $1 billion cost-cutting plan that he revealed earlier this month , according to a copy of the email obtained by Business Insider. "This activity is necessary to create a more nimble operating structure capable of driving the company's strategic transformation forward," Lampert wrote in the email. "We highly value all of our associates and do not take these decisions lightly." Sears, which has laid off corporate employees around this time of year for the last several years, had about 4,850 employees and 800 contract workers at its headquarters in Hoffman Estates, Illinois last year, according to Crain's Chicago Business. On employee message boards, people claiming to work for Sears corporate said there were "lots of tears and people leaving" on Thursday. Many said they saw added security at building entrances. Employees have been speculating for weeks that layoffs were coming. Nerves flared when one person discovered that more than 30 rooms were simultaneously booked on the Hoffman Estates, Illinois corporate campus for several hours Thursday for so-called "strategy sessions." That information was shared on a message board and led many people to speculate that job losses were on the horizon.
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