Bala Cynwyd, Pennsylvania-based Pep Boys, the iconic automotive aftermarket service chain, has announced a reduction in force at its Bala Cynwyd corporate offices as it prepares for acquisition by White Plains, New York-based Mavis Tire Express Services for $700 million.
The reduction will impact 169 corporate positions.
According to a company statement, "As part of the recent acquisition, Mavis is leading a reorganization of the Pep Boys corporate support services and conducting a mass layoff.
Change is constant, and it's coming. Tomorrow will always come, no matter how much you try to ignore it. Life offers no guarantees, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you wondering, "Am I Next?"