Illinois tax break failure: On top of recent store closing announcement Sears laying off hundreds of corporate employees

What, it's been a week since I reminded you? After my Illinois income taxes here hiked in 2011 by Democratic governor Pat Quinn, Sears Holdings, the parent of Kmart and Sears, received a tax break.

From the Chicago Business Journal:

A week after announcing the closure of 96 more stores, the owner of Sears and Kmart stores is laying off hundreds of corporate workers.

The exact number of job losses wasn’t clear but Business Insider reported fewer than 300 people were laid off at Sears' headquarters in Hoffman Estates, Illinois, and the company’s offices in San Francisco.

The company informed some employees of the layoffs in a group meeting on Wednesday, reported Business Insider.

"It was a group layoff," one person told the publication. "There was a heartfelt apology, but that was it. ... It was very abrupt, very quick.”