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2020 crisis Coronavirus

Office Depot closing stores, laying off 13,000 workers

2020 crisis Coronavirus
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fox29.com:

Office Depot announced a restructuring plan Friday that includes closing stores and laying off about 13,100 employees by 2023, according to the company's SEC filings.

The company estimates that its restructuring plan will be "substantially completed" by 2023. Office Depot expects to save $860 million by the end of 2023 and sustain charges of about $543 million, according to the filings. "Office Depot, Inc.

recently announced a restructuring plan to realign our operational focus to support our 'business-to-business' solutions and IT services business units and improve costs," a spokesperson told FOX Business. "Implementation of the restructuring plan is expected to be substantially completed by the end of 2023 and may potentially include

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