Borders Group Inc. has laid off 90 employees from its corporate workforce, about 6% of the total in that group.  No store employees were cut. 

Borders announced its Q1 results in May; both profits and sales were below expectations.  And profits received another blow last Wednesday, when earnings were adjusted downward to a loss of $.31 per share, from a loss of $.29 per share (2005 Q1 losses were $.07 per share), due to a recalculation of gross margin in its international stores.