15% of PetSmart employees in Phoenix, Arizona, will be laid off. PetSmart was purchased by BC Partners Ltd. in March 2015 for $8.7 billion USD. The layoffs will be restricted to the main office in Phoenix, Arizona. Layoffs will not be restricted to specific departments and approximately 255 people will lose their jobs.
PetSmart Spokeswoman Michelle Friedman said, “We are focusing our efforts right now on PetSmart’s future growth. We identified priority areas of the business where we need to invest additional resources. And as part of this, we also identified areas where we need to gain efficiency. This is an important step to ensure that we are staying true to our commitment to become a highly efficient retailer and to further invest in the future growth of the company.”
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