The move comes as Seven & i Holdings has been facing pressure from activist investor ValueAct Capital, which bought a $1.53 billion stake in the company last year.in February urging Seven & i Holdings to make structural reforms and sell off non-core assets to focus on 7-Eleven's growth.
In April, Seven & i Holdings said it would revise its compensation system and policies for its board and appointed a new outside director. 7-Eleven is the latest business to lay off employees, following similar moves by Microsoft, Twitter, Tesla, Netflix, Coinbase, Robinhood, JPMorgan Chase, Vimeo and Victoria's Secret.
BREAKING: Steve Bannon found guilty on both counts of contempt of Congress.
Why, are they trying to unionize too?
Steve Bannon Good for you showing how corrupt Delaware and our legal system is?
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