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Recently, Sears filed for Chapter 11 bankruptcy in New York. As a part of the bankruptcy, the company will shut down 142 of the 687 stores it has left, on top of 46 store closings already announced earlier. The company employs 68,000 people, according to a CNBC reportand it is not clear how many of them would be laid off as a result of the store closures.

Dan Clark

Dan covers cyber security, legal operations and intellectual property for Corporate Counsel. Follow him on Twitter @Danclarkalm.

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