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Britain’s Largest Retailer Tesco Could Shed 10,000 Jobs

Britain’s Largest Retailer Tesco Could Shed 10,000 Jobs ne of Lewis’s first acts at Tesco’s was to end its corporate dividend. Most of the layoffs will come from the company’s corporate headquarters in an effort to simplify management now that Tesco has pulled back considerably from global operations.

Six months after David Lewis became the boss of Britain’s largest retailer, Tesco PLC employees are facing more layoffs than previously announced. As many as 10,000 Tesco workers could be let go this year, as Lewis aims to spin off unprofitable Internet and TV-streaming services, close dozens of underperforming stores and reduce head office spending by…

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