🔁Mario Nawfal:
🇺🇸 WALMART PINK SLIPS 1,500 SUITS: RETAIL GIANT SLIMS DOWN CORPORATE RANKS
Walmart is axing around 1,500 corporate jobs in a restructuring designed to trim expenses and speed up decision-making as the retail behemoth navigates tariff pressures and changing market conditions.
The cuts target global technology operations, e-commerce fulfillment managers, and Walmart Connect advertising teams - representing a tiny fraction of the company's 1.6 million U.S. workforce, most of whom work in stores.
Senior executives wrote in a staff memo:
"Reshaping our structure allows us to accelerate how we deliver and adapt to the changing environment around us"
The timing comes after Walmart said it would raise prices due to tariffs, prompting Trump to criticize the company publicly.
However, Walmart insists the layoffs "reflect a focus on business priorities and our growth strategy, and are not related to tariffs."
The retailer has been carefully managing labor costs while boosting wages for store workers and regional managers, using automation to reduce supply chain labor needs.
Source: WSJ
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
🇺🇸 WALMART PINK SLIPS 1,500 SUITS: RETAIL GIANT SLIMS DOWN CORPORATE RANKS
Walmart is axing around 1,500 corporate jobs in a restructuring designed to trim expenses and speed up decision-making as the retail behemoth navigates tariff pressures and changing market conditions.
The cuts target global technology operations, e-commerce fulfillment managers, and Walmart Connect advertising teams - representing a tiny fraction of the company's 1.6 million U.S. workforce, most of whom work in stores.
Senior executives wrote in a staff memo:
"Reshaping our structure allows us to accelerate how we deliver and adapt to the changing environment around us"
The timing comes after Walmart said it would raise prices due to tariffs, prompting Trump to criticize the company publicly.
However, Walmart insists the layoffs "reflect a focus on business priorities and our growth strategy, and are not related to tariffs."
The retailer has been carefully managing labor costs while boosting wages for store workers and regional managers, using automation to reduce supply chain labor needs.
Source: WSJ
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
1 month ago
