Walmart lays off hundreds of corporate workers
2 years, 4 months ago

Walmart lays off hundreds of corporate workers

Live Mint  

Walmart Inc. is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began notifying employees in its Bentonville, Ark., headquarters and other corporate offices of the restructuring, which affects various departments including merchandising, global technology and real-estate teams, the people said. Walmart is the largest private employer in the U.S. and while much of its workers are hourly staff, it has thousands of people in corporate roles. Ford Motor Co. is preparing to cut thousands of white-collar workers, while technology giants such as Microsoft Corp. and Facebook parent Meta Platforms Inc. have pulled back.

Walmart Cut Thousands  lays  profit  walmart  hundreds  roles  cut  thousands  warned  corporate  jobs  workers  week

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A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter
1 month ago

A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter

Hindustan Times  

NEW YORK — Target on Wednesday reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items. A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter The Minneapolis retailer fell short of Wall Street expectations for the quarter, and its profit and …

Walmart Layoffs: Retail Giant Fires Hundreds Of Employees, Relocates Remote Workers
7 months, 1 week ago

Walmart Layoffs: Retail Giant Fires Hundreds Of Employees, Relocates Remote Workers

ABP News  

Walmart Layoffs: American multinational retail brand Walmart said on Tuesday that the firm will be laying off hundreds of employees from its corporate headquarters and relocating the majority of its remote workforce in the US and Canada to three main offices. "We are asking the majority of associates working remotely, and the majority of associates within our offices in Dallas, …

Walmart lays off hundreds of employees, requires remote workers to relocate
7 months, 1 week ago

Walmart lays off hundreds of employees, requires remote workers to relocate

India TV News  

Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant's campus offices. It also said that it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas, Hoboken, New Jersey, and the San Francisco Bay Area. Cutting hundreds of jobs Walmart Inc, opens new …

Walmart to lay off hundreds of corporate staff and relocate others, says report
7 months, 1 week ago

Walmart to lay off hundreds of corporate staff and relocate others, says report

Live Mint  

Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter. Meanwhile, workers at the US retail giant's smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs such as Walmart's corporate headquarters in Bentonville as …

Walmart is scraping hundreds of corporate staff, restricts remote work: Report
7 months, 1 week ago

Walmart is scraping hundreds of corporate staff, restricts remote work: Report

Hindustan Times  

Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter. Photographer: Gabby Jones/Bloomberg Meanwhile, workers at the U.S. retail giant's smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs such as Walmart's corporate headquarters …

Walmart shuts four stores in Chicago - halving its footprint in Illinois city
1 year, 8 months ago

Walmart shuts four stores in Chicago - halving its footprint in Illinois city

Daily Mail  

Walmart is shuttering half of its stores in Chicago, mostly located on the crime-ridden city's south and west sides, that have been losing millions each year. The closings were announced just days after Chicago's newly elected liberal mayor Brandon Johnson blamed the city's poverty and crime rates on businesses that don't pay taxes. Walmart is shuttering half of its stores …

Walmart is axing 2,000 warehouse jobs weeks after retail chain announced store closures
1 year, 8 months ago

Walmart is axing 2,000 warehouse jobs weeks after retail chain announced store closures

Daily Mail  

Walmart Inc will cut more than 2,000 jobs at five U.S. e-commerce warehouses, the company reported on Monday. Walmart Inc will cut more than 2,000 jobs at five U.S. e-commerce warehouses, the company reported on Monday US Bureau of Labor Statistics shows Consumer Price Index February 2023 inflation since 1981 In February, Mail Online reported on a retail apocalypse across …

Walmart to cut hundreds of corporate jobs, reports WSJ
2 years, 4 months ago

Walmart to cut hundreds of corporate jobs, reports WSJ

The Hindu  

Walmart Inc is cutting hundreds of corporate roles in a restructuring effort, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Around 200 jobs are being cut, the WSJ said, adding that the retailer notified employees in its Bentonville, Arkansas headquarters and other corporate offices of its restructuring move. Several companies, including Tesla Inc, Netflix Inc, …

As US consumer confidence falls, retailers see long list of woes
2 years, 4 months ago

As US consumer confidence falls, retailers see long list of woes

Al Jazeera  

United States retail stocks were lower Tuesday, dragged down by an earnings warning from retail giant Walmart and fresh US data showing that consumer confidence fell in July to its lowest level since February 2021. Walmart shares dropped nearly 9 percent after the mega-retailer cut its profit outlook for the second quarter and the full year, underscoring that rising prices …

Walmart cuts profit outlook as shoppers adapt to inflation
2 years, 4 months ago

Walmart cuts profit outlook as shoppers adapt to inflation

Associated Press  

NEW YORK — Walmart Inc. on Monday lowered its profit outlook for the second quarter and the full year, saying rising prices on food and gas are forcing shoppers to cut back on discretionary items, particularly clothing, that carry higher profit margins. Walmart’s move to lower its profit outlook in the middle of the quarter is rare and raised worries …

Walmart sales still surging, but a chill may be on the way
3 years, 10 months ago

Walmart sales still surging, but a chill may be on the way

Associated Press  

NEW YORK — Walmart is raising wages for 425,000 of its 1.5 million U.S. workers and is investing $14 billion this year to speed up its distribution network as the nation’s largest retailer navigates vast industry changes that were accelerated by the pandemic. Walmart Inc. lost $2.09 billion, or 74 cents per share, compared with last year’s $4.14 billion profit …

Walmart plans to hire 20,000 holiday staff to meet online demand
4 years, 3 months ago

Walmart plans to hire 20,000 holiday staff to meet online demand

Live Mint  

Walmart Inc. will recruit more than 20,000 workers ahead of the U.S. holidays to prepare for an expected surge in online shopping amid the pandemic, its first large seasonal hiring in five years. The world’s biggest retailer is readying itself for a holiday e-commerce battle with Amazon.com Inc. by bringing on more seasonal staff to handle online orders at its …

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