Sears lays off 100 at headquarters

According to an article in the Chicago Sun Times, Sears Holdings Corp. will lay off employees from a variety of departments at its Hoffman Estates, Ill., headquarters.

The layoffs will not affect the retailer's recently approved tax credit from the state of Illinios. The $150 million payroll tax credit take effect next year, and -- according to the article -- requires a minimum of 4,250 headquarters employees.

Even after this round of layoffs, the Sears headquarters had 6,000 employees in Hoffman Estates.