Staples faces NJ layoffs as people continue working from home after COVID
Posted on AllSides July 2nd, 2024
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Staples faces NJ layoffs as people continue working from home after COVID With the slow return-to-office after the COVID-19 pandemic as people continue to choose to work from home, and with the explosion of e-commerce giants such as Amazon, office supply retailer Staples has found itself in a financially difficult spot in recent years. The office supply sector generates $10.3 billion in revenue annually, but is expected to see a yearly 2% revenue decline through 2026, according to business publication Retail Dive. “Demand declines in core paper and printing products...