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Byline: Alexandra Steigrad
PacSun and Wet Seal Cut Jobs
Pacific Sunwear of California Inc. and The Wet Seal Inc. on Wednesday joined the growing roster of retailers that are reducing staff.
PacSun will eliminate 47 positions at its headquarters in Anaheim, Calif., and 10 field management positions, in addition to cutting other expenses. The Wet Seal plans to trim 41 jobs, 37 at its headquarters in Foothill Ranch, Calif., and the rest in operations management.
PacSun said the job reductions, which will shrink its headquarters and field management staff by about 11 percent, would result in pretax severance charges of roughly $1.5 million in the …