Staples faces NJ layoffs as people continue working from home after COVID
Posted on AllSides July 2nd, 2024
From The Center
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...