Walmart to slash roughly 1,500 corporate jobs

Walmart raising prices amid tariff uncertainty

Walmart plans to rise prices arsenic tariff uncertainty looms implicit upcoming holidays 03:30

Walmart is eliminating members of its Global Tech squad successful an effort to summation efficiency, the institution said successful a memo to employees connected Wednesday. 

Roughly 1,500 jobs volition beryllium chopped arsenic portion of the restructuring, according to a idiosyncratic with cognition of the matter. The layoffs volition interaction firm employees, not store associates. 

The retailer said the cutbacks are intended to "speed up decision-making" and "remove layers and complexity," according to the email sent to employees by Suresh Kumar, Walmart's planetary main exertion serviceman and main improvement serviceman and John Furner, president and CEO of Walmart U.S.

"In Global Tech, we are evolving teams crossed the organization, with a absorption connected simplifying our operation to facilitate velocity and innovation," the memo reads. "The satellite of exertion is evolving astatine an unprecedented pace, and reshaping our operation allows america to accelerate however we present and accommodate to the changing situation astir us."

As portion of the restructuring, Walmart said it is eliminating roles portion besides opening immoderate caller ones.

The world's largest retailer, headquartered successful Bentonville, Arkansas, has astir 1.6 cardinal employees and 4,600 locations successful the United States.

Walmart past period said earlier this month that it volition rise prices successful effect to tariffs. Walmart earned $4.4 cardinal successful the 4th ended April 30, down from $5.1 cardinal successful the year-ago period.

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• Technology
• Tariffs
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