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Sears to cut 250 jobs at HQ

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Sears is laying off 250 people at its Hoffman Estates, Illinois, corporate headquarters starting at the end of October.

"Affected employees will be placed on a paid administrative leave effective immediately for the time prior to the employment termination date," Sears officials said in a letter to the Illinois Department of Commerce and Economic Opportunity.

The company recently announced another 100 Sears and Kmart stores would close by year's end after a previous announcement that 26 would shutter in October.

Read more from Crain's Chicago Business.

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