Kroger 'restructures,' cutting jobs
Supermarket giant Kroger is laying off an unspecified number of employees.
Based in downtown Cincinnati, Kroger employs 414,000 workers nationwide, including roughly 20,000 in Greater Cincinnati. The job cuts were not disclosed in any filings with U.S. Securities and Exchange Commission or the state of Ohio.
Store and store division officials won't be affected. Kroger operates 76 stores in Greater Cincinnati and Northern Kentucky employing 14,500 associates.
"We are focusing on key priority areas that support our go-to-market strategy. As part of this prioritization work, we announced team restructures and a small number of eliminated roles to improve efficiency," Kroger said in a statement.
A story by the Cincinnati Business Courier said the cuts were "a couple hundred jobs," mostly consultants on projects being discontinued.
The move comes almost two months after Kroger's $25 billion proposed takeover of Albertsons was called off by the Boise, Idaho-headquartered retailer, which also sued Kroger for allegedly botching the regulatory approval. Last month, Albertsons disclosed it was cutting several hundred jobs.
Kroger operates more than 2,700 stores in 35 states and the District of Columbia. It operates stores under the Kroger banner name as well as Fred Meyer, Ralphs, Harris Teeter, Pick 'n Save, Dillons, King Soopers, Mariano's, Fry's, QFC and others.
This article originally appeared on Cincinnati Enquirer: Kroger cuts jobs
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
SUI Token Trades Flat Despite Signs of Strong ETF Momentum
SUI SUI, the native token of the Sui blockchain, rose slightly over the past 24 hours before falling sharply after macroeconomic factors hit global markets during U.S. afternoon hours.. The token rose following news that Nasdaq filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list the 21Shares SUI exchange-traded fund. This marks the second major step in the ETF approval process. The first, a draft S-1 registration statement, was filed by 21Shares in April. If approved, this would be the first spot SUI ETF listed in the United States, offering traditional investors regulated access to the native token of the Sui blockchain. SUI appeared to respond to the development, showing strength overnight as it broke through a resistance level at $3.49 with support from significant trading volume, according to CoinDesk Research's technical analysis model. More than 13 million tokens changed hands during the breakout, which coincided with Nasdaq's filing. During U.S. afternoon hours, SUI dropped sharply and is down about 1% at press time. The CoinDesk 20, which tracks the broader crypto market, was up only slightly after taking a hit in the afternoon. SUI experienced a decisive breakout overnight above the $3.49 resistance level with volume exceeding 13 million, significantly above the 24-hour average of 8.7 million. Despite minor pullbacks, the token found consistent support around $3.45-$3.46. A High-volume surge reinforced bullish sentiment, suggesting potential continuation of upward momentum. The $3.50 level has been established as a potential key resistance zone following a temporary exhaustion of bullish momentum. Price action formed a potential base in the $3.48-$3.48 range with moderate volume supporting consolidation. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
6 hours ago
- Yahoo
US regulators push through last-minute delay to new private fund reporting rules
By Chris Prentice NEW YORK (Reuters) -U.S. regulators scrambled on Wednesday to extend a deadline for new data reporting requirements for investment advisers to private funds, just one day before they were due to take effect. The rules, adopted by two U.S. markets regulators in February 2024, will require advisers to disclose more information to regulators in a bid to boost the government's ability to spot risks from private markets that have swelled in size in recent years. The U.S. Securities and Exchange Commission extended the deadline for compliance to later this year in a 3-1 vote on Wednesday, less than 24 hours before firms had to comply. The Commodity Futures Trading Commission also voted in favor of an extension, marking the second time the regulators decided to push back the deadline after previously postponing it in January. "Additional time is required for dialogue with filers, review of the reasonableness of the data demands, and review of the actual utility of the information collected," SEC Chairman Paul Atkins said during Wednesday's open meeting. Private funds have pressed the SEC to review this rule, among others, and have warned the new requirements are unnecessary and costly. The firms now have until October 1, 2025 to comply. The new data, which includes disclosure of events pointing to significant stress within 72 hours, would be accessible to the Financial Stability Oversight Council, which gathers top financial regulators across the U.S. government to monitor systemic risks. Regulators have cautioned for years that growing private markets could pose increasing risks, particularly as they are more opaque and less vigorously regulated than traditional markets. Federal agencies have begun a push to loosen regulations as part of Republican President Donald Trump's agenda since he took office in late January. "The SEC and other regulators, including FSOC, depend on these detailed data to better comprehend when the private markets may be experiencing turbulence that could affect our entire financial system, because these entities generally operate outside our regulatory purview," said Caroline Crenshaw, the lone Democratic SEC commissioner.
Yahoo
6 hours ago
- Yahoo
US regulators push through last-minute delay to new private fund reporting rules
By Chris Prentice NEW YORK (Reuters) -U.S. regulators scrambled on Wednesday to extend a deadline for new data reporting requirements for investment advisers to private funds, just one day before they were due to take effect. The rules, adopted by two U.S. markets regulators in February 2024, will require advisers to disclose more information to regulators in a bid to boost the government's ability to spot risks from private markets that have swelled in size in recent years. The U.S. Securities and Exchange Commission extended the deadline for compliance to later this year in a 3-1 vote on Wednesday, less than 24 hours before firms had to comply. The Commodity Futures Trading Commission also voted in favor of an extension, marking the second time the regulators decided to push back the deadline after previously postponing it in January. "Additional time is required for dialogue with filers, review of the reasonableness of the data demands, and review of the actual utility of the information collected," SEC Chairman Paul Atkins said during Wednesday's open meeting. Private funds have pressed the SEC to review this rule, among others, and have warned the new requirements are unnecessary and costly. The firms now have until October 1, 2025 to comply. The new data, which includes disclosure of events pointing to significant stress within 72 hours, would be accessible to the Financial Stability Oversight Council, which gathers top financial regulators across the U.S. government to monitor systemic risks. Regulators have cautioned for years that growing private markets could pose increasing risks, particularly as they are more opaque and less vigorously regulated than traditional markets. Federal agencies have begun a push to loosen regulations as part of Republican President Donald Trump's agenda since he took office in late January. "The SEC and other regulators, including FSOC, depend on these detailed data to better comprehend when the private markets may be experiencing turbulence that could affect our entire financial system, because these entities generally operate outside our regulatory purview," said Caroline Crenshaw, the lone Democratic SEC commissioner. Sign in to access your portfolio
