Walmart Inc (NYSE: WMT) has adjusted its pay structure for new store workers, potentially resulting in lower wages than a few months ago.
This development reflects a trend among employers looking to trim labor costs amid a cooling job market for hourly staff.
Walmart, the country's largest private employer, implemented this change to its wage structure in mid-July. Under the new system, most new hires will earn the lowest possible hourly wage for their specific store, the Wall Street Journal reports.
Also Read: The E-Commerce Duel: Walmart+ Rising as Amazon Prime's Rival: Report
Previously, some new hires, such as those responsible for online order fulfillment, received slightly higher wages compared to positions like cashiers.
The company's minimum hourly wage of $14 remains in place, ...