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Office Depot Cuts Jobs, Reorganizes Under New Holding Company, Reverse-Splits Stock, and Hires New CFO


Over the past several weeks, Office Depot Inc. has announced a plan to cut jobs and close stores, reorganize under a new holding company, implemented a 1-for-10 reverse stock split, and hired a new chief financial officer (CFO). In May, Office Depot quietly announced a restructuring plan that will cut 13,100 jobs and shutter an

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