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Kroger Will Lay Off Hundreds of Employees

Photo Credit: mcsquishee via Wikimedia Commons cc

Shares fell last month after Kroger CEO Rodney McMullen told analysts that Kroger could not reconfirm its financial projections. The retailer’s turnaround efforts are proving expensive, with their results still uncertain. Now, Kroger has announced it is laying off hundreds of employees.

“As part of ongoing talent management, many store operating divisions are evaluating middle management roles and team structures with an eye toward keeping resources close to the customer,” a Kroger spokesperson said in a statement. 

Read the full story at Fox Business.