Investing.com -- Albertsons (NYSE: ACI ), a prominent grocery chain, saw its shares drop by up to 3.3% in intraday trading, marking the most significant fall since December 17.

This drop came in response to late Tuesday reports from various news outlets that the company plans to lay off its corporate and divisional support staff.

This follows the termination of Albertsons' proposed merger with Kroger (NYSE: KR ) last month. The planned merger was halted after a US District Judge blocked the acquisition.

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