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Editor’s note: This is a developing story and will be updated.
Dive Brief:
- 7-Eleven is laying off an undisclosed number of employees as the convenience retailer undergoes a company-wide reorganization as part of its transformation plan, a spokesperson confirmed to C-Store Dive on Thursday.
- 7-Eleven’s spokesperson said in a statement that the restructuring is the result of the retailer “streamlining our organization and aligning our operating model with our strategic priorities to enable faster, more disciplined execution.” While they did not share the number of employees impacted, the restructuring affects individuals across several departments, including some in leadership positions, according to four team members who have been let go in the past week.
- The reorganization continues a difficult period for 7-Eleven, which continues to see financial declines as it delays its North America IPO and prepares to close several hundred locations in the current fiscal year.
