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QVC and Jewelry Television Announce Layoffs
Both QVC and Jewelry Television are cutting jobs in response to the current economic downturn.
Last week, West Chester, Pa.-based QVC said it will cut 900 positions over the next 14 months, resulting in a $30-$40 million net reduction in 2009 operating costs.
Jewelry Television is cutting 30 jobs from its information technology department in Knoxville as the company copes with a declining sales.
It is the largest single-day reduction in staff for the on-air retailer since it announced it was laying off 18 employees from its Nashville, Tenn., office back in October.
This jobs cut comes on top of a restructuring that resulted in the elimination of more than 200 jobs in Nashville and Knoxville while its former Shop at Home facility in Nashville remains for sale.
Plans to build a new $20 million headquarters in Nashville have been scrapped for now.
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