Ikea to slash 7,500 jobs, focus on smaller stores as online competition heats up
(LA Times NBA)

Furniture giant Ikea plans to cut 7,500 jobs worldwide as part of a plan to cater more to online customers, the company said Wednesday. The shake-up at the Swedish company, first reported by the Wall Street Journal, shows that even Ikea - known for its massive suburban stores and affordable assemble-yourself...