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Business Journal: Raley's Lays Off 150 from West Sacramento HQ

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(West Sacramento, CA)
Friday, April 16, 2010
Raley’s chief executive officer Michael Teel says the layoffs are due to the economy and a heavier-than-average corporate structure.  The layoffs account for 25 percent of the corporate staff, from entry-level to vice president positions.  Five high-ranking executives, including chief operating officer Dave Clark, are among those leaving Raley’s.
The 75-year-old chain — one of the largest private employers in the Sacramento region, with about 15,000 workers  — is battling more competition, including retail giant Wal-Mart, and losing market share.  The Raley’s layoffs do not affect employees at its 134 grocery stores, which include Bel Air Markets and Nob Hill.  The privately owned company reported $3.4 billion in sales in 2009.
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