trending Market Intelligence /marketintelligence/en/news-insights/trending/5RuJiAbt-WthVQTPEoNYqw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Loblaw to lay off 500 employees

Blog

What's on the Horizon for the Cruise Hotel Resorts Sector

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


Report: Loblaw to lay off 500 employees

Canadian food and drug retailer Loblaw Cos. Ltd. is cutting 500 jobs from its store-support offices, The Canadian Press reported Oct. 16, citing Loblaw President Sarah Davis' notice to employees about the layoffs.

Davis reportedly said the business is "at an inflection point, with growing pressures — from new costs and competition — and with many opportunities to grow and evolve" and added that the company is committed to reducing costs and running efficiently.

She also said many of the positions will be scrapped immediately, according to the report.