Boston Chicken to Cut Jobs at Headquarters

Boston Chicken Inc., already realigning top management and refocusing on its core market, said it will cut 115 jobs, or 23% of the work force, at its Golden, Colo., headquarters and may make additional staff cuts elsewhere. Boston Chicken, one of the pioneers of home-replacement meals and whose stock was one of the hottest initial public offerings of the decade, said it is not satisfied with sales growth in its Boston Market stores. It blamed aggressive discounts used to build its lunch business, which cut into core dinner sales. Shares fell $1.875 to $16.125 on Nasdaq.