Sears Holding Corps. will lay off 100 workers at its Hoffman Estates
headquarters, two months after Illinois gave Sears a $150 million tax
credit to keep jobs in the Prairie State. The layoffs don't violate the tax credit nor the special property tax district the state gives the company, which has strained the Hoffman Estates school district.
Under the tax deal, Sears gets a $15 million tax credit each year over the next ten years for keeping its company hq in Illinois. Sears previously announced that they will close up to 120 Sears and KMart stores nationally due to poor holiday season sales.