Shares of Albertsons Companies (NYSE:ACI) are trading defensively for the first time in six days after the company said it was letting go of some of its corporate staff to “recalibrate the company to compete in a rapidly changing market.

Albertsons is laying off corporate and division support employees around the country, a spokesperson for the company told the Idaho Statesman on Wednesday. Store employees are not impacted by the cuts, the spokesperson said in a statement.

The grocery company’s decision impacted an unspecified number of employees in its corporate and division support workforce, but not store-level associates.

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Albertsons’ renewed focus on customer-centric strategies positions the company to navigate an evolving consumer landscape, Sankaran added, signaling a fresh chapter for the grocery giant, even as the fallout from the failed merger continues to unfold in the courts.

A month after its failed merger with Kroger, Albertsons is laying off employees, including 68 corporate and division support staff in Phoenix.

BOISE, Idaho — A statement from an Albertsons spokesperson said the company is laying off a portion of its corporate and division support workforce. The total number of employees impacted is not being disclosed. No store-level jobs are affected, the statement said.

Albertsons has announced layoffs affecting employees in its corporate and division support offices, leaving those in administrative roles facing