Walmart layoffs

Walmart is laying off more than 200 corporate workers amid growing concerns over inflation and sagging customer spending.

Walmart announced last week it was cutting prices on clothing and other goods to trim bloated inventory. Walmart confirmed to the Journal roles were being cut as a part of corporate restructuring and additional roles would be created elsewhere. It will report its second quarter results Aug. 16.

While layoffs have primarily been affecting the tech sector, it looks like they're now coming for retail too.

Founded in 1962, Arkansas-based Walmart is the largest private employer in the United States, and one of the largest retailers. High-profile companies like Shopify and Coinbase have laid off employees, and some companies such as Netflix and Robinhood have recently gone in for a second round of layoffs after cutting staff earlier this year. That, combined with supply chain issues, has created a pileup in inventory that retailers are now trying to get rid of through sales.

Yes, but: The company is adding jobs, too, spokesperson Anne Hatfield told Axios, though she would not confirm numbers or specifics. She said some employees ...

Departments impacted by the cuts include merchandising, global technology and real estate. The Biden administration has declared the monkeypox outbreak a public health emergency — a move that gives officials more flexibility to tackle the virus' spread. The big picture: There were 1.26 million courses dispensed last month, a 37% increase over June. Additionally, more Paxlovid was dispensed in the month of July than that prescribed from January through May combined, per the Department of Health and Human Services.

Walmart's decision to lay off workers at the company's Bentonville, Arkansas, base reflects the troubling trends surrounding the company, but context is ...

The result, in the meantime, is that Walmart and other businesses both large and small, can only operate in the environment they have and adjust to things they can control themselves. This is not to minimize job losses — or what looks set to be internal career reassignment in some cases — as much as it reflects an ongoing focus on cost reduction as well as the continuation of Walmart’s own transformation and digital shift. But as much as Walmart’s decision to lay off workers at the company’s Bentonville, Arkansas, base reflects the troubling trends surrounding it — and the entire retail sector — context is critical.

Walmart described the layoffs as a way to "better position the company for a strong future," reports The Wall Street Journal. "We`re updating our structure ...

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Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after the retail giant issued a ...

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