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The 10 Biggest Tech Layoffs In 2020 (So Far)

A large number of tech workers have been laid off in 2020 due in large part to the impact of the COVID-19 coronavirus pandemic, with layoffs and furloughs happening both in the vendor and the channel communities.

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1. Office Depot

Office Depot in May unveiled plans to cut 13,100 employees and close an unspecified number of retail stores and distribution centers as it restructures its operations and doubles down on IT services, a business line the company has in recent years made inroads in. The closures and the layoffs are expected to result in restructuring charges of up to around $543 million by the end of 2023, but result in up to approximately $860 million in net savings during that time.

While Office Depot is best known to the general public for its retail stores, it has been shifting away from its consumer roots to a focus on services, particularly since its 2017 acquisition of CompuCom, a major IT solution provider. It is also shifting its office supply business to focus more on the kind of services offices are more and more requiring.

 

 

 

 

 
 
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