WMT - Walmart To Cut Hundreds Of Corporate Jobs Relocate Workers To Central Hubs | Benzinga
Walmart Inc. (NYSE:WMT) is set to lay off hundreds of corporate employees and relocate others to its main corporate hubs.
What Happened: Walmart, the largest employer in the U.S. with 1.6 million workers, is downsizing its corporate workforce and asking remote employees to move to its main corporate hubs, reported The Wall Street Journal, citing people familiar with the matter.
The affected employees are based in smaller offices in Dallas, Atlanta, and Toronto. They are being asked to relocate to Walmart’s corporate headquarters in Bentonville, Ark., Hoboken, N.J., or Northern California.
Walmart will still allow partial remote work, but employees are expected to be in the office for the majority of their working hours. The move comes as Walmart, like many other companies, is reducing its remote work flexibility and consolidating its smaller offices.
The retail giant ...