My guess is another layoff will be the death nail. Workers are already looking to find work elsewhere while at kroger - another massive layoff will send the message to whoever they keep who were on the fence about their job security off of it and into the arms of other employers.. Investors will also run.. I don't think Rodney's fantastical lies about it all will work any more.
Perfectly stated, @12nn0IVa-dyhp!
"sorry to dash your hopes" here. Don't get me wrong, I'm not some Kroger defender. I'm trying to offer a more objective view of the situation instead of posting another petulant whine bashing Kroger. The layoffs we see may be the start of Kroger's decline phase (ALL businesses experience the same phases: startup, rapid growth, maturity, decline, rebirth/death). If Kroger has entered the decline phase, then given Kroger's size and reach, it will take years for the decline to play out. They haven't reached the point of closing numerous stores like we've seen with Sears, JC Penney, etc. KR stock has rebounded from its 2019 lows, but hasn't returned to its 2015 highs, so that's an indicator that the company may be in decline. If management is smart, they will recognize they're in decline and take action to turn things around. If not, then the company will inevitably die (via bankruptcy or buy out by a competitor). The retail landscape is littered with the graves of dead and dying companies, so if Kroger does go under, it will be in good company.
To "sorry to dash your hopes", it's called denial and its not just a river in Egypt!
Sorry to dash your hopes, but Kroger is far from being on the verge of bankruptcy. Yes, they're feeling the heat from the competition and have been slow to embrace e-commerce, but Kroger is hardly on the ropes. Prices aren't being cut to gin up sales, and stores aren't being closed in large enough numbers to signal a deteriorating situation. Also, KR stock is slowly getting better (whether this is due to the tailwind from a good economy, stock buybacks, or the layoffs, it's difficult to say). In short, don't write Kroger off just yet.