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Walmart Reportedly Eyes Corporate Job Cuts in Restructuring Effort: WSJ

Published 08/03/2022, 04:43 PM
Updated 08/03/2022, 04:48 PM
© Reuters

Yasin Ebrahim

Investing.com -- Walmart is reportedly eyeing hundreds of corporate job cuts as part of a restructuring plan to boost performance after warning on profit last week, the Wall Street Journal reported, citing unnamed sources. 

Walmart (NYSE:WMT) was down less than 1% in afterhours trading following the news. 

The re­tailer has started notifying em­ploy­ees in its Ben­tonville, Ark., head­quar­ters and other cor­po­rate of­fices of the re­struc­tur­ing, which will focus across several de­part­ments includ­ing mer­chan­dis­ing, global tech­nology and real-es­tate teams, the report said, citing the sources.

Latest comments

lots of layoffs due to “restructuring” another R word which sounds a bit like Recession
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