Just one week after Walmart (NYSE:WMT) lowered its quarterly and full-year guidance, the business will reduce its workforce. Hundreds of corporate personnel in areas relating to retail, global technology, and real estate are being laid off. Walmart (NYSE: WMT) let go of approximately 200 corporate employees on Wednesday amid the economic downturn and rising inflation, according to a person familiar with the incident. Walmart (NYSE:WMT) portrayed the move as an effort to reorganize as it marked down clothing and other things that had accumulated in its stores.
Other retailers have also been taken by surprise as ...
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Walmart Cuts off Hundreds of Corporate Staff Following a Reduction in Guidance.