By: Benzinga
Announces Workforce Reduction, Eliminates COO Role; Announces $25M Buyback Plan
The Wet Seal, Inc. (Nasdaq: WTSLA ), a leading specialty retailer to young women, today announced a corporate workforce reduction and certain other cost-saving and investment initiatives. The Company also announced the resignation of President and Chief Operating Officer Ken Seipel and implementation of a $25 million share repurchase program. Workforce Reduction and Other
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