Kroger Layoffs

Grocery store chain Kroger says it will lay off 3,000 corporate employees over the next three years as it ramps up its use of artificial intelligence to streamline operations. In a memo to Kroger employees on Monday, CEO Greg Foran said the company needs to take advantage of recent advances in technology. Kroger last month outlined its AI strategy with the goal of improving the customer experience and making work easier for its employees. Cincinnati-based Kroger is the largest standalone U.S. supermarket chain with 409,000 employees and more than 2,700 stores operating under various brands, including Ralphs, King Soopers, Smith’s and Fred Meyer.

The cost of building out the infrastructure needed to satisfy booming demand for artificial intelligence is changing the way major companies allocate resources. That can mean an end to some jobs once done by humans. Yet in many cases it means repurposing money once spent on workers so that more capital can be devoted to boosting AI capabilities. Among the companies that have announced job cuts this year tied in some way to AI spending are Barclays, Meta, Snap, Block, Coinbase, Pinterest, Standard Chartered and Microsoft.