Borders Inc has made a second round of job cuts, following the redundancies in which 164 positions were culled at the end of January.

Publishers Weekly is reporting that employees of the retailer have dubbed the day on which last week's wave of job losses took place "Black Thursday". One blog post cited by the trade magazine said the cuts were being made based on job performances, with the "lowest-performing employees" being let go.

PW added: "The number of cuts its unclear, and the retailer had only a vague response when asked for clarification of how many jobs were eliminated".

A statement sent to the publication said: "Borders is always looking for opportunities to improve performance and profitability. Any recent changes are a continuation of our efforts."