Office Depot Inc. announced plans to close 126 stores and open fewer stores in 2009 in an effort to cut costs. Office Depot will also layoff 2,200 people over the course of three months beginning in December 2008. The announcement of the store closures and layoffs was made on December 10, 2008.The Huffington Post: Office Depot Job Cuts... (December 10, 2008)
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Office Depot Inc. is based in Delray Beach, Florida
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Will cut 2,200 jobs over three months beginning in December 2008The Huffington Post: Office Depot Job Cuts... (December 10, 2008)
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Office Depot had 1,163 chain stores in December 2008The Huffington Post: Office Depot Job Cuts... (December 10, 2008)
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45 stores will close in the Central U.S., 40 in the Northeast and Canada, 19 in the West and eight in the SouthThe Huffington Post: Office Depot Job Cuts... (December 10, 2008)
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In 2009, Office Depot will open just 20 new stores instead of the intended 40 storesThe Huffington Post: Office Depot Job Cuts... (December 10, 2008)
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Analysts say the cuts may give the company a short-term financial boostThe Huffington Post: Office Depot Job Cuts... (December 10, 2008)
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Analysts doubt the cuts would fix Office Depot's financial conditionThe Huffington Post: Office Depot Job Cuts... (December 10, 2008)
