InvestmentsTop Global NewsMarketsReal Estate J.C. Penney to cut 1,000 jobs, close 152 stores By financialnews_rlv83x - July 15, 2020 0 209 J.C. Penney Co Inc said on Wednesday it would cut about 1,000 jobs and shutter 152 stores as the U.S. department store chain looks to focus on profitability.