Reposted by Sheila Q.
Kroger just announced the largest layoffs in its history, with plans to cut 3,000 employees as it ramps up use of AI.
Reminder that Kroger has spent $12.3B on stock buybacks since 2019 and paid its CEO $14M last year — 417x its median worker's pay.
AI is turbo-charging corporate greed.
newsweek.com
Kroger plans largest layoffs in its nearly 150-year history
The company's CEO said it was committed to "simplifying" operations and "deploying more resources where they matter most