Kroger will cut 37% of its corporate workforce as it leans on technology
Greg Foran, the former Walmart executive now running the US grocer, told staff the company carries too much overhead. An analyst says the savings may take only cents off a basket.
Via TNW | Future-of-work
“Our company has more layers, more handoffs and more overhead than we need, so we are addressing this issue.”
Kroger chief executive Greg Foran wrote this in a memo to staff on Monday, 12 October. The US supermarket chain will cut about 3,000 corporate roles over the next three years. It is leaning on technology to simplify how it works. Kroger shared the memo with Business Insider.
The cuts amount to about 37% of Kroger’s 8,200 corporate employees, the company…
Courtesy
This story was originally published by TNW | Future-of-work. All rights belong to the original publisher.
Read the original on thenextweb.com ↗