Headlines

7-Eleven Cuts Almost 900 Corporate Jobs

The layoffs come one year after the C-store chain’s acquisition of rival

Published

2 years ago

July 22, 2022

VMSD Staff

7-Eleven Cuts Almost 900 Corporate Jobs — Roman Tiraspolsky, iStock

Roman Tiraspolsky, iStock

7-Eleven (Irving, TX) has laid off 880 corporate employees a little more than a year after completing the acquisition of convenience store rival Speedway, CNBC reports.

“As with any merger, our integration approach includes assessing our combined organization structure,” a 7-Eleven spokesperson told the outlet. “The review was slowed by Covid-19 but is now complete, and we are finalizing the go-forward organization structure.”

The layoffs impacted workers at the company’s Erving, TX and Enon, OH support centers, as well as those in field support roles.

Seven & i Holdings, the Tokyo-based parent company of 7-Eleven, agreed to acquire the Speedway C-store chain for $21 billion a few months after the coronavirus hit the U.S. The acquisition officially closed in May 2021.

Read more at CNBC.

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

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