The retail chain Bed Bath & Beyond is slated to lay off 150 employees. The employees that will be laid off are store managers and support team members.
It is not certain if these lay off is from the lack of sales or if they are trying to improve in areas they are having trouble in. But Bed Bath & Beyond did, in fact, have 7 consecutive quarters of declining sales.
According to CNBC, Bed Bath & Beyond is planning to replace their entire 12-person board.