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Home/Banking News/A Massive Grocery Is Now Cutting Major Job Roles

A Massive Grocery Is Now Cutting Major Job Roles

By Frank Nez
April 16, 2024
2

A massive grocery is now cutting major job roles a little over a year after the discounter let go of roughly 200 workers stateside.

Discount grocer Lidl has undergone a fresh set of layoffs stateside, a Lidl US spokesperson said in an email.

The cuts impacted corporate roles across three units at Lidl US.

People impacted by the layoffs held roles ranging from administrative assistant to senior IT specialist, according to LinkedIn posts.

The layoffs come a little over a year after Lidl US let go of roughly 200 employees — primarily impacting employees at its U.S. headquarters in Arlington, Virginia.

The layoffs are the latest move by Lidl to rightsize its operations in the U.S. as it struggles to gain ground while rival Aldi hits the accelerator.

“Lidl US made the difficult decision to eliminate corporate roles across three functions within the business. While this is never an easy decision, we believe it is the right one for the business,” the spokesperson wrote.

The Lidl US spokesperson declined to say how many workers were impacted.

LinkedIn posts from several laid-off employees noted that the layoffs are part of a corporate restructuring plan.

A marketing manager who was laid off noted in a LinkedIn video posted Thursday that graphic designers, content producers, social media managers and information technology workers were included in the layoffs.

Laid-off Lidl US workers will receive severance packages and career transition support, the spokesperson said.

The job cuts last year came at a time when Lidl US was undertaking a corporate restructuring and aiming to boost its financial health.

Lidl US also underwent a round of layoffs at its U.S. headquarters a few years prior, according to German business publication Lebensmittel Zeitung.

Lidl opened its first U.S. stores in 2017 but has struggled to hit its stride and grow stateside.

Meanwhile, competitor Aldi, which entered the U.S. in the 1970s, continues to rapidly expand its store fleet, with plans to open an additional 800 stores by the end of 2028, reports Grocery Dive.

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Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy

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Market News Today - A Massive Grocery Is Now Cutting Major Job Roles.
Market News Today – A Massive Grocery Is Now Cutting Major Job Roles.

This massive mall retailer now closes for good as theft drives its downtown area into a “doom loop”, say officials.

Macy’s has closed store doors for good alongside pharmacies and gas stations in Missouri.

St. Louis, Missouri used to have a busy downtown area, however, it’s become a dangerous place stricken with crime and empty office buildings, reports The US Sun.

A report from the Wall Street Journal on Tuesday described the “real estate nightmare” with stories of boarded-up shops and raids by police and firefighters to search for squatters and missing people.

These raids can be chaotic at times – in 2023, a search dog fell through an open window and died. Another time, a fire broke out by who authorities believed to be copper thieves.

The largest building in the city, a 44-story mammoth once owned by AT&T, is now empty after it was sold for about $3.5 million, a massive decline from 2006 when it sold for $205 million.

“Cities such as San Francisco and Chicago are trying to save their downtown office districts from spiraling into a doom loop. St. Louis is already trapped in one,” The Wall Street Journal reported.

The locals are perhaps the most fed up than anyone regarding the state of downtown with many finding the empty shops and restaurants depressing, resulting in fewer people commuting there.

The seemingly endless cycle ramped up in the years after the pandemic, which emptied out office buildings.

St. Louis’ central business district used to be home to steep foot traffic compared to other major US cities and while it has improved in the last year, it’s at a slower rate than many cities in the Midwest.

The city has also been losing residents since the Covid pandemic with the population dropping below 300,000 in 2020 – the first time this has happened since the mid-1800s.

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Also Read: A Massive US Bank Is Now Freezing Customers’ Money

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Market News Today - A Massive Grocery Is Now Cutting Major Job Roles.
Market News Today – A Massive Grocery Is Now Cutting Major Job Roles.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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  1. Frank Nez says:
    April 16, 2024 at 11:06 pm

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  2. Frank Nez says:
    April 16, 2024 at 11:06 pm

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