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Kroger Announces Corporate Layoffs Following Failed Albertsons Merger
Kroger Announces Corporate Layoffs Following Failed Albertsons Merger
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BTCCSquare news:
Kroger Co. (KR) is cutting nearly 1,000 corporate jobs in a cost-reduction MOVE after its $25 billion merger with Albertsons (ACI) was blocked by antitrust regulators in late 2024. Interim CEO Ron Sargent described the layoffs as part of broader structural changes to refocus on core retail operations.
The savings will be redirected toward price reductions, store expansion, and new retail-level hiring. Kroger had previously disclosed plans to shutter 60 underperforming locations nationwide over the next 18 months.
In a staff memo, Sargent emphasized that difficult decisions were necessary to position the grocer for long-term success. The company is halting non-essential projects as it develops a new growth strategy under interim leadership.
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