Overview
- The layoffs affect corporate roles only and do not include workers in stores, manufacturing facilities, or distribution centers, according to the company.
- Interim CEO Ron Sargent told employees the restructuring aims to simplify the organization and focus work that creates the most value for customers.
- Kroger says savings from the cuts will be reinvested to fund new locations, create store-level jobs, and reduce prices.
- The job reductions follow a June plan to close about 60 underperforming stores and come months after a federal judge blocked the Albertsons deal.
- Local reports indicate roughly 200 of the affected employees are in the Cincinnati area, while Kroger shares remain up more than 30% over the past year.