CompuCom owner Office Depot puts 13,100 jobs at risk in shift to IT services

CompuCom owner Office Depot has announced plans to close 13,100 positions and shut down retail stores and distribution centres as it shifts it focus to B2B IT services. In an SEC filing, Office Depot said that it will incur around $543m in restructuring costs until the end of 2023 as part of the move. This includes a $30m cash investment in its supply chain and a $21m capital investment in its IT services business. The remaining $492m is expected to consist of one-time costs to close...