7-Eleven Lays Off 200

Dallas-based 7-Eleven is reducing its non-store and non-operational workforce by about 10%, which amounts to about 200 employees in the U.S. and Canada, the Dallas/Fort Worth NBC TV news affiliate reported.

The nation’s biggest convenience store chain, 7-Eleven is also suspending raises, incentives and 401(k) matching in an attempt to remain as profitable as possible, the news station reported.

Despite the reductions, the company said it intends to continue adding more stores and improving the in-store product assortments.

The company joins the ranks of other channel-leading brands and major corporations that have announced significant layoffs amid the deep recession in the U.S. The most recent statistics from the U.S. Department of Labor puts the national employment rate at 7.6%.

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