The convenience store corporation 7-Eleven has laid off around 880 U.S. employees

According to a business official, 7-Eleven has cut around 880 corporate roles in the United States as the company finalizes its organizational structure.

The retail chain, owned by the Japanese retailer Seven & I Holdings Co, terminated employees at its support centers and field service operations in Irving, Texas and Enon, Ohio, according to an email forwarded to Reuters by a spokesman.

7-Eleven joins a growing list of U.S.-based companies that have recently laid off employees in reaction to the nation's rising inflationary pressure.

"A little over a year after the $21 billion Speedway acquisition, we have made significant progress in our integration process. As with every merger, our method entails examining the combined companies' structures "Representative stated:

Seven & I Holdings has agreed to pay $21 billion in 2020 to acquire the Speedway gas stations from Marathon Petroleum Corporation (NYSE:MPC). The purchase raised the number of 7-Eleven locations in North America to almost 14,000.

ValueAct Capital, a U.S. activist investor, purchased a $1.53 billion interest in Seven & I Businesses in 2017 and has been urging the company to execute structural reforms and sell its 7-Eleven holdings.

Seven & I Holdings said in April that it will reorganize its board to accelerate its worldwide growth.

The first day that CNBC reported the layoffs was Thursday.