The move will buy time, but it won't save the office supply chains.
Not Office Depot, not OfficeMax, not even Staples, which analysts are touting as the post-merger winner.
These office retailers will all be destroyed unless they fundamentally change how they do business.
The biggest threat is the fact that workplaces are going digital, making the decline of the office supply industry a reality.
"All three companies [OfficeMax, Office Depot, and Staples] could soon face an even larger existential threat than Amazon," wrote Ryu Spaeth at The Week. "The rapid digitalization of a workforce that has grown less reliant on notepads, pens, and printers.