Kohl’s Corp. is eliminating about 10% of roles that report into its corporate offices as part of the retailer’s bid to improve results.

Kohl's announced it has cut 10% of the jobs at its Menomonee Falls corporate office. About half of the cuts will result from closing open positions. The cuts come less than two weeks after new CEO Ashley Buchanan took over the company's top position.

Kohl's (NYSE:KSS), the American retail company, is set to reduce its corporate workforce by approximately 10%, according to a report from the Wall Street Journal. This decision comes two weeks after its new chief executive officer,

Kohl's announces corporate layoffs following store closures and CEO replacement, as stock falls by 52% in the last 12 months.

Ashley Buchanan takes over Wednesday as the new Kohl's CEO — the company's third leader in four years — at a time of store closings, declining sales and a stock price that's fallen by 50% in the past year.