Sears To Lay Off 400 Jobs, Mostly At Headquarters 

HOFFMAN ESTATES, Ill. (AP) — Officials of the Illinois Department of Commerce and Economic Opportunity say Sears Holdings’ elimination of 400 jobs means the company no longer qualifies for state tax breaks. Sears Holdings Corp. announced Tuesday the job cuts are part of its previously announced plans to save $1.25 billion in costs a year. Most of the job cuts are at its Hoffman Estates headquarters. Sears spokesman Howard Riefs declined to say how many employees work at the headquarters.