Corporate layoffs: Canadian Tire announces workforce restructuring;...

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Corporate layoffs: Canadian Tire announces workforce restructuring; retail store jobs unaffected, says company

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Canadian Tire is set to reduce its corporate staff as part of a major transformation plan to enhance competitiveness. The company aims to modernize operations amidst evolving retail challenges. While some corporate roles will expand, others will be eliminated. This restructuring follows a $2 billion investment plan and a previous workforce reduction in November 2023.

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