The parent of JCPenney is making deeper cuts with employees. Plano’s Catalyst Brands is reducing its corporate staff by about 9%, the company said. That comes on top of the announcement in February ...

New York (CNN) -- JCPenney's fledgling parent company, Catalyst Brands, is undergoing the second round of layoffs of its corporate employees as part of an ongoing review of the newly formed business.

Catalyst Brands, parent company to retailers including JCPenney and Brooks Brothers, is cutting about 9% of its corporate staff as part of a review of the business, a company spokesperson said.

New York (CNN) — JCPenney’s fledgling parent company, Catalyst Brands, is undergoing the second round of layoffs of its corporate employees as part of an ongoing review of the newly formed business.