Kroger Lays Off 1,000 Corporate Workers in Cost-Cutting Move

Kroger is laying off nearly 1,000 corporate employees in a cost-cutting move after its failed deal with Albertsons Cos. The company will reinvest savings into lowering prices, opening new locations, and creating store-level jobs. Kroger is updating its business priorities and halting non-core projects under interim CEO Ron Sargent, who stepped in after Rodney McMullen's resignation. The supermarket operator is looking to slim down after its proposed acquisition was blocked by the US government.