**Dick’s Sporting Goods Cuts Corporate Workforce by 250**
In a move to streamline operations and reduce costs, Dick’s Sporting Goods has laid off 250 employees from its corporate headquarters in Coraopolis, Pennsylvania.
The layoffs, which represent approximately 5% of the company’s corporate workforce, are part of a broader restructuring plan aimed at improving efficiency and profitability.
**Reasons for the Layoffs**
Dick’s Sporting Goods has been facing challenges in recent years, including declining sales at its brick-and-mortar stores and increased competition from online retailers.
As a result, the company has been implementing a number of cost-cutting measures, including store closures and job cuts.
**Impact on the Company**
The layoffs are expected to save Dick’s Sporting Goods approximately $20 million annually. The company plans to use these savings to invest in its e-commerce operations and improve its in-store experience.
**Response from Dick’s Sporting Goods**
In a statement, Dick’s Sporting Goods CEO Ed Stack said that the layoffs were a .
