El Dorado-based Murphy USA has announced it will trim its workforce in what the company is calling a byproduct of reorganization.
“Murphy USA, Inc. recently reorganized as part of a broader effort to strengthen operational effectiveness and position the company for long-term success,” the company said through a statement. “Unfortunately, this change included making the difficult decision to reduce the size of our workforce by close to 100, mostly corporate employees, across Murphy USA and QuickChek offices.
“This reorganization was not focused on specific departments and decisions were not made lightly. The reduction was based on thoughtful analysis that ensures we have an agile and efficient organization optimized to support the business now and in the future.
“We are grateful for the contributions of every employee impacted and are committed to treating them with respect and providing resources to support them through this transition. We remain focused on our mission and confident in the path ahead.”
The news comes on the heels of a challenging revenue picture. Per its annual report released in February, the company reported 2024 full-year revenue dropped by $1.3 billion, or 6% compared to 2023, the second straight year of declining full-year revenues. C-Store Dive noted between 2022 and 2023, the retailer’s full-year revenue dropped 8.2%, which it blamed on low retail fuel prices.
Photo Credit: goeldorado.com
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