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Dollar Tree announces workforce reduction, 90 corporate jobs to be cut



The company predicts significant business growth in the coming years.
FD

U.S. retailer Dollar Tree has planned a massive wave of layoffs. News outlets report that the first layoffs are due by June 23, 2023.

"We can confirm that fewer than 90 positions will be eliminated as we create an outsourcing model for our corporate contact center," the company's press office commented, noting that employees will be supported during the transition period.

Dollar Tree, based in Chesapeake, Virginia, and which owns the chain of the same name and Family Dollar stores, will make office staff reductions in several rounds, with the latest scheduled for Oct. 27.

The company predicts significant business growth in the coming years, "Over the long term, we believe the market could support more than 10,000 Dollar Tree stores and 15,000 Family Dollar stores across the United States, as well as about 1,000 Dollar Tree stores in Canada."

As of the first quarter of 2023, Dollar Tree operated more than 16,300 stores and employed more than 207,000 people in 48 states and five Canadian provinces. The retailer's 2022 revenue grew 7.6% to $28.3 billion.

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