EE.UU. – Steelcase Inc., one of the largest office furniture manufacturers, informed that it plans to cut back its spending and will cut 180  jobs amid declining orders, inflation and  and supply chain challenges.

The company said it will make the cuts by mid-October. It did not disclose how many will happen in Michigan, though it did confirm there will be cuts in Grand Rapids where its headquarters are located.

“Due to the recent volume decline in our incoming orders and lower-than-expected return-to-office trends in the Americas, we are planning to implement additional actions in the third quarter (that) target further reduction of our planned level of spending. These actions target approximately USD 20 million of annualized spending and are expected to include the elimination of up to 180 salaried positions across the Americas core business and corporate functions.” said David Sylvester, CFO and senior vice president at Steelcase.

“Our strategy remains unchanged, but we are shifting additional effort to prioritize improvement in our profitability to fund future investments and to add more diversification to the markets and customers we serve,” Sara Armbruster, president and CEO of Steelcase, said in the earnings report.