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La-Z-Boy Terminating 10% of Its Workforce

La-Z-Boy Terminating 10% of Its Workforce

Well-known recliner and furniture maker La-Z-Boy (NYSE: LZB), finding the COVID-19 environment a poor fit for its business model, is acting to streamline its operations by terminating employees and closing facilities. La-Z-Boy Chairman, President, and CEO Kurt Darrow said the terminations are "difficult decisions to make and we deeply regret the impact they will have on those employees who are affected," in addition to thanking the laid-off workers for their service.