BY SRH US Bankruptcies Peak Since COVID-19 After promising not to lay off employees, about 1,000 corporate Kroger employees are losing their jobs. After closing more than 60 unprofitable outlets by 2026, the retailer laid off workers. Kroger closed stores to minimize costs after its $25 billion merger with Albertsons failed. ‘These decisions are never easy, but we recognize intelligent, albeit painful, choices are necessary to position our company up for continued success,’ said interim CEO Ron Sargent. As of February, over 409,000 workers were employed by Kroger, with most of them working in stores. I think that a lot more Americans will lose their jobs in the months ahead. Robert Lawless, University of Illinois law professor and co-author of Debt’s Grip: Risk and Consumer Bankruptcy, said this benchmark may not facilitate “apples-to-apples.” “A dollar has lost 19% of its […]