Dollar Tree Layoffs 2024: What to Know About the Latest DLTR Job Cuts

Group 1 - Dollar Tree is implementing layoffs for corporate employees as part of its ongoing portfolio optimization strategy [1][2] - The layoffs will occur at the company's headquarters in Chesapeake, Virginia, and affected employees will receive severance pay and other support [2] - The company plans to close approximately 1,000 Family Dollar stores due to poor performance [2] Group 2 - Last year, Dollar Tree also announced corporate layoffs, reducing its headcount by 90 employees [3] - The company's stock is currently up 1% but has decreased by 20% year-to-date, with trading volume significantly lower than average [3]