More Layoffs Following the Failure of Staples-Office Depot Merger

News reveals that Staples and Office Depot have cut more jobs in the new year.

According to BostonGlobe.com, an insider has tipped that Staples is reducing more than 200 jobs. The job cut began on Feb. 1 and included dozens of employees at the company’s headquarters in Framingham.

A statement was issued by company officials the next day with more details. “We are strategically restructuring our organization in order to support the needs of our customers and align with our business priorities,” it said, “As a matter of policy, we do not discuss staffing figures.”

The previous mass layoff in Staples was in Jan. 2016.

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SunSentinel also reports that Office Depot has conducted a layoff in January at its Boca Raton headquarters. The company did not disclose the number of affected workers.

Office Depot is suspected to be retaining employees lower than the requirement of the county (1,950 jobs) and Boca Raton’s contract (2,010 jobs) at its headquarters. The company will be obligated to repay the funds to the county for failing to meet the requirements.

But on Feb. 1, Office Depot spokeswoman Karen Denning said that, “As always, Office Depot will continue to work directly with government entities to comply with the terms of agreements.”

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Staples and Office Depot entered into a definitive merger agreement on February 4, 2015 to combine as a single company. The $6.3 billion merger deal was blocked by a Federal Judge in May 2016. Following the failure of the deal, both companies are having large scale of store closings, sales of part of business and downsizing.

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