Petco Cutting 180 PositionsWednesday, January 11, 2017
Petco Animal Supplies Inc. is cutting 180 jobs, company spokeswoman Lisa Stark confirmed Wednesday. The company declined to say what jobs were being cut or where.
“By consolidating certain functions and activities, we are simplifying and prioritizing key areas of our business in order to continue investing in growth opportunities that lie ahead for Petco,” Stark said. The changes will result in the elimination of 180 positions, she said, adding, “impacted employees are receiving severance and transition support.”
It is not clear when the cuts go into effect.
The news comes less than a month before company president and chief merchant Brad Weston is scheduled to take over as chairman and CEO. Jim Myers, who has headed the San Diego-based retail chain since 2004, is retiring.
Petco’s headquarters are in Rancho Bernardo. It is unclear whether that site will see any job cuts. As of July 1, it was the county’s 40th largest employer, according to the San Diego Business Journal’s recently published Book of Lists, with 856 full-time and 207 part-time employees in San Diego. In total the company has more than 25,000 employees, according to its website.
The pet specialty retailer, founded in San Diego in 1965, operates more than 1,500 stores in the United States, Puerto Rico and Mexico.