Walmart Reportedly Eyes Corporate Job Cuts in Restructuring Effort: WSJ

2022.08.04 00:41

Yasin Ebrahim

Investing.com — Walmart is reportedly eyeing hundreds of corporate job cuts as part of a restructuring plan to boost performance after warning on profit last week, the Wall Street Journal reported, citing unnamed sources. 

Walmart (NYSE:WMT) was down less than 1% in afterhours trading following the news. 

The re­tailer has started notifying em­ploy­ees in its Ben­tonville, Ark., head­quar­ters and other cor­po­rate of­fices of the re­struc­tur­ing, which will focus across several de­part­ments includ­ing mer­chan­dis­ing, global tech­nology and real-es­tate teams, the report said, citing the sources.

Source