7-Eleven Cuts Nearly 900 U.S. Corporate Jobs Over Restructuring

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7-Eleven indicated that the employees who were laid off are receiving support to find a new job.

Photo: ROBYN BECK/Getty Images

The 7-Eleven chain store cut approximately 880 corporate jobs in the United States, according to a company spokesman.

β€œAs with any merger, our integration approach includes evaluating our organizational structure combined,” a 7-Eleven spokesperson said in an emailed statement.

“The review was slowed down by the COVID-19 pandemic, but it is now complete and we are finalizing the organization structure moving forward,” he added.

The spokesman, who was not identified, said the cuts were from certain jobs at the company’s support centers in Irving, Texas, and Enon, Ohioas well as in field support positions.

β€œThese decisions have not been made lightly and we are working to support affected employeesincluding the provision of career transition services,” the company spokesperson added.

The cuts come one year after acquired the rival Speedway gas station and C-store business, for $21 billion dollars.

7-Eleven purchased Speedway to strengthen its presence in the US, particularly in the Midwest and along the East Coast.

However, the Federal Trade Commission charged that the acquisition of Marathon’s Speedway subsidiary violated federal antitrust laws. Later, 7-Eleven ordered to sell over 200 outlets to resolve dispute.

7-Eleven joins the list of US companies that recently have been dealing with inflation in everything from fuel to labor to rentwhich weigh on earnings.

Many of them, as recently announced by Google, now they’re holding back on hiring or starting to fire peoplewhile looking for opportunities to cut costs.

7-Eleven has also been dealing with higher prices at gas stations, which has led some consumers to wait to fill up the tank or stop purchasing additional products within their retail stores.

The company, owned by Japanese retailer Seven & i Holdings Co, operates more than 13,000 locations in North Americaaccording to its parent company’s most recent annual filing, approximately 9,500 of which are under its namesake brand.

Meanwhile, 7-Eleven has been testing so-called “Evolution” stores that offer customers specialty coffee drinks, local food, and features like mobile payment. It opened its ninth store in the country, in Dallas, in June.

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