(Oct 13): Kroger plans to cut roughly 3,000 corporate roles over the next three years, CEO ​Greg Foran told staff in a memo, ‌seen by Reuters on Monday, as the grocer integrates AI into its workflow.

Kroger should reduce duplicative work and adapt with ​technology, Foran wrote in the memo, adding that the job ​cuts would help the company cut prices ⁠and invest in in-store employees.

Foran took over as Kroger's ​CEO in February.

Wall Street ended mixed Monday with the Dow rising about four-tenths of 1%, the S&P 500 finishing flat

Companies have been rethinking corporate structures and cutting ​jobs as they increasingly turn to AI to streamline workflows and divert more resources toward the technology, fuelling concerns over ​widespread disruption across sectors.

Last month the company outlined ​the company's AI strategy, including the use of models to manage ‌workflows ⁠and leverage customer data to power tools such as its AI shopping assistant.

The grocery retailer had also lowered its annual identical sales target and said it is seeking ​to cut prices ​to better compete with ⁠rivals such as Walmart and Aldi as consumers grow more frugal under pressure from high ​gas prices.

Details on the job cuts, which ​would ⁠affect about 37% of its 8,200 corporate employees, would be shared in the coming months, Foran said in ⁠the ​memo.

Bloomberg News first reported on ​the job cuts on Monday.

In June last year, the company cut about 1,000 corporate roles.

Uploaded by Siow Chen Ming