Reuters reports that Ann Taylor will cut about 160 jobs as it continues to cut costs during the recession.
The latest round of job cuts will take place primarily in AnnTaylor's corporate and divisional home offices, affecting about 10 percent of that group's staff and about 1 percent of the whole company.
Ann Taylor is also planning to close 30 more stores. However, they will also be opening 14 new stores.
The original plan, laid out in January 2008, called for cutting 13 percent of AnnTaylor staff at headquarters and closing 117 stores.
Krill said on Thursday the company now plans to close an additional 30 stores, but aims to relocate those stores' best workers to other stores. Any job losses resulting from store closures are not included in the 160, Krill said.
She reiterated the company's plan to open 14 new stores this year.
There was some good news for the retailer. It's Q2 earnings estimates are expected to be ahead of analyst's expectations.
Reuters 
