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Walmart confirmed Wednesday it is laying off corporate workers as part of a restructuring process.
"We’re updating our structure and evolving select roles to provide clarity and better position the company for a strong future," a company spokesperson told FOX Business in a statement. "At the same time, we’re further investing in key areas like eCommerce, technology, health & wellness, supply chain and advertising sales and creating new roles to support our growing number of services for our customers, suppliers and the business community."
Walmart store
This file photo shows the entrance to a Walmart in Pittsburgh. (AP Photo/Gene J. Puskar, File / AP Newsroom)
A source familiar with the situation told FOX Business the number of layoffs is around 200 corporate employees.
https://www.foxbusiness.com/retail/walmart-announces-layoffs-amid-lower-profit-forecasts
This is the Biden economy
"We’re updating our structure and evolving select roles to provide clarity and better position the company for a strong future," a company spokesperson told FOX Business in a statement. "At the same time, we’re further investing in key areas like eCommerce, technology, health & wellness, supply chain and advertising sales and creating new roles to support our growing number of services for our customers, suppliers and the business community."
Walmart store
This file photo shows the entrance to a Walmart in Pittsburgh. (AP Photo/Gene J. Puskar, File / AP Newsroom)
A source familiar with the situation told FOX Business the number of layoffs is around 200 corporate employees.
https://www.foxbusiness.com/retail/walmart-announces-layoffs-amid-lower-profit-forecasts
This is the Biden economy
