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Staples, like many other corporations, has increased part-time employees and reduced full-time workers in recent years. The chain employed 50,020 full-time and 35,067 part-time employees according to its latest annual filing, versus 57,291 full-time and 33,834 part-time associates in 2009.
More store closings are coming to Staples. On Thursday, the office supply store reported a $548 million loss and a 3% drop in sales in the fiscal fourth quarter that ended in January. Those results prompted Staples () to say it would close 70 more stores, or 4.5% of its 1,600 remaining locations, during the current fiscal year. It closed 48 stores last year and has shuttered about 350 stores over the last five years.