7-Eleven cuts about 880 corporate jobs

There has been a big corporate workforce reduction at 7-Eleven as part of a restructuring.

The company, which is owned by Japanese retail conglomerate Seven and I Holdings,  has cut about 880 U.S. corporate jobs, including positions in headquarters in Irving, Texas, and Enron, Ohio, along with field support roles. The news was first reported by CNBC.

The job cuts come about a year after 7-Eleven’s $21 billion acquisition of c-store chain Speedway  from Marathon Petroleum Corp. 

“As with any merger, our integration approach includes assessing our combined organization structure,” a 7-Eleven spokesperson told CNBC in an emailed statement. “These decisions have not been made lightly, and we are working to support impacted employees, including providing career transition services

Seven and I Holdings has been under pressure from U.S. activist investor ValueAct Capital, which bought a stake in the company last year. ValueAct backed a new slate of directors on the Japanese company’s board, CNBC said.

7-Eleven has been testing its new “Evolution” store format. It recently opened its ninth location, in Dallas.

The retailer has also been delivery offerings. In January, it launched a a delivery subscription program.

[Read More: 7-Eleven launches delivery subscription program]

7-Eleven operates more than 13,000 locations across North America.