Hy-Vee cutting up to 500 more corporate jobs

Hy-Vee has told up to 500 additional employees that their corporate-level jobs are being eliminated, and offered that they move to retail positions instead.

Driving the news: The West Des Moines-based grocery chain ran a full-page advertisement in newspapers in Midwest cities Wednesday morning, detailing the company's restructuring.

What they're saying: In the ad, designed to appear like a newspaper article, Hy-Vee wrote that the company is shifting its strategy due to to recent economic challenges, like rising inflation, fuel costs and supply chain disruptions.

• Hy-Vee says it will offer incentives and moving bonuses for corporate employees asked to move to retail positions.

Flashback: The grocery retailer, one of the largest employers in Iowa, had announced big plans to expand into new states at the beginning of 2022.

• The move came after CEO Randy Edeker touted the company's "biggest capital budget" ever last year, Progressive Grocer reported.

However, the company's headlines have signaled tribulations more recently.

• Around 100 corporate employees were laid off in March. They were offered jobs inside the stores too. Axios reported the wages may have differed from their original position.
• Edeker criticized those who chose not to take retail jobs in an internal video to employees last month.

• Hy-Vee also announced last week that they are no longer pursuing plans for five new stores in the Twin Cities area.

Of note: Hy-Vee also wrote in the ad Wednesday that it's delaying the construction of its warehouse in Cumming, citing costs.

• In response to a request for comment, Hy-Vee sent Axios the ad on Wednesday, but declined to comment further.

This is a developing story. Check back for details.