Big Lots corporate layoffs to affect 555, including CEO
The Top 100 retailer revealed on Dec. 19 that it is beginning going-out-of-business sales at its remaining stores.
COLUMBUS, Ohio — Top 100 retailer Big Lots will lay off up to 555 corporate employees in Ohio according to a WARN notice posted Dec. 19. Among the positions included in the layoffs is the president and CEO position held by Bruce Thorn.
It’s the latest step in the Columbus, Ohio-based discounter’s ongoing bankruptcy case. On Dec. 19, it was revealed that its acquisition agreement with Nexus Capital Management appeared unlikely to be completed, and it was beginning going-out-of-business sales at its remaining stores while it works to find replacement deals.
The notice, filed with the Ohio Department of Job & Family Services, says the mass layoffs at the corporate headquarters located at 4900 East Dublin Granville Road in Columbus are expected to commence the week of Dec. 29 and are expected to be completed by April 2025.
In addition to the president/CEO job, positions in the layoffs include three executive vice presidents, eight senior vice presidents, 27 vice presidents, and multiple managers and directors.
See also:
What's Your Reaction?
