Walmart to Cut Around 1,500 Corporate Jobs in Restructuring Drive
On May 21, Walmart Inc. (NYSE:WMT) announced plans to cut ~1,500 corporate jobs as part of a restructuring effort aimed at increasing efficiency, speeding up decision-making, and simplifying its organizational structure.
The layoffs will primarily affect only corporate employees and not store associates across its Global Tech team, advertising business (Walmart Connect), and e-commerce fulfillment operations.
A manager standing in a hypermarket, pointing out items available for wholesale.
In a memo to employees, Walmart's global chief technology officer & chief development officer, Suresh Kumar, and president and CEO of Walmart US, John Furner, stated that the changes are necessary to adapt to the evolving technology landscape and accelerate delivery and innovation.
While some roles are being eliminated, Walmart also indicated that it is creating new positions aligned with its current business priorities. This restructuring follows earlier efforts by Walmart to consolidate its corporate workforce, such as closing its Charlotte, North Carolina office in February and asking employees in smaller offices to relocate to its Bentonville, Arkansas headquarters or Sunnyvale, California hub.
Walmart Inc. (NYSE:WMT) is the world's largest retailer and has ~1.6 million employees and 4,600 locations in the US.
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Disclosure: None. This article is originally published at Insider Monkey.
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