7-Eleven Lays Off Over 800 Employees Following Purchase of Speedway
Popular convenience store 7-Eleven expanded in 2020 with the purchase of Speedway for $21 billion, a well known gas station chain with locations nationwide. While expansion usually signifies good things for business, it also has the tendency to be disruptive for workforces.
In this case, more than 800 7-Eleven corporate employees stand to lose their jobs in Texas and Ohio during the reorganization. Since the acquisition, 7-Eleven has been undergoing an “integration process,” a gradual one that has been impacted by COVID-19.
After absorbing their longtime rival, a statement by a 7-Eleven spokesperson was sent to Insider detailing the reason behind the decision to terminate the 800+ employees under a new “combined organization structure.”
“[As a result] we made the difficult decision to reduce our current workforce in our Irving, TX and Enon, OH support centers and field support operations by approximately 880 associates. These decisions have not been made lightly, and we are working to support impacted employees, including providing career transition services.”
Ironically, in a time dubbed “The Great Resignation” when many people are deciding to quit their jobs and employers are expanding incentives to attract new workers, 7-Eleven is firing en masse. Some employees who’ve been unfortunately laid off are venting on a website aptly named Layoff.com where a 7-Eleven page is receiving lots of traffic from the city of Dallas.
Hopefully, the 880 associates now unemployed will soon find other occupations that appreciate their talents.