Kroger Lays Off 1,000 Corporate Workers in Cost-Cutting Move
ByAinvest
Tuesday, Aug 26, 2025 2:54 pm ET1min read
KR--
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.

Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue

Comments
No comments yet