Bookseller says layoffs should save about $40 million annually

Barnes & Noble Inc. is laying off a significant number of workers, including experienced cashiers and staffers who sell the retailer’s Nook e-readers and tablets, as a result of poor holiday-season results.

The bookseller, which declined to say how many staffers are being cut, said in a securities filing that it will take a charge of about $11 million in its third fiscal quarter ended Jan. 27 related to severance costs.

The...

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