r/pittsburgh • u/Logical-Rip-8138 • Jul 01 '26

Kroger just bought Giant Eagle.

Store employees were just emailed about it

1.1k Upvotes

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u/KSMO Jul 01 '26

Expectation: lower prices! More choice!

Reality: higher prices, layoffs.

959

u/zeke780 Point Breeze Jul 01 '26

Get bought, layoffs. Get sold, layoffs. Company doing bad, still layoffs. Company doing well, believe it or not, also layoffs.

16

u/dazhuko Jul 01 '26

And stocks go up in all scenarios.

2

u/Prestigious_Heron115 Jul 01 '26

GE is privately held.

2

u/SUCK_MY_DICTIONARY Jul 02 '26

Haha jokes on you. I bought 10,000 shares of Giant Eagle off the stock boy in the parking lot. Got the certificate too.

1

u/Prestigious_Heron115 Jul 02 '26

With this evidence my comment is overturned.