Williams-Sonoma Inc. will lay off 1,400 employees (about 18% of its workforce) and close its Camp Hill, PA call center and Memphis, TN distribution center, all as part of an effort to cut overhead costs by $75 million.
These cuts will be completed by Jan. 31
The direct marketer and retailer said it expects to incur a pre-tax charge in the fourth quarter of fiscal year 2008 of about $15 million related to these actions.
Including this charge, the San Francisco company still expects to deliver fourth quarter diluted earnings per share at the lower end of the company
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