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LiberalArkie

(18,300 posts)
Wed May 21, 2025, 06:22 PM May 21

Walmart to Cut 1,500 Jobs

May 21, 2025

Walmart plans to cut around 1,500 jobs in a restructuring aimed at trimming its expenses and speeding up decision-making.

Walmart and other retailers have been cutting costs, putting pressure on suppliers, shifting production to other countries and increasing prices to offset the cost of tariffs. Last week, Walmart said that it would raise some prices because of tariffs, prompting President Trump to criticize the company. The company reported strong sales growth in the latest quarter and executives said they would work to manage profits to keep prices as steady as possible.

The company told employees Wednesday that it will reshape some of its teams in global technology operations, e-commerce fulfillment managers that support U.S. stores, and Walmart Connect, its advertising business. The changes will lead to the elimination of around 1,500 jobs, according to a person familiar with the matter.

“We have identified opportunities to remove layers and complexity, speed up decision-making, and help associates innovate rapidly,” two senior Walmart executives wrote in a memo to staff. In addition to the job cuts, they said they were creating some new roles “aligned with our business priorities and growth strategy.”

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https://www.msn.com/en-us/money/other/walmart-to-cut-1-500-jobs/ar-AA1Fe2zQ

Comment: from reddit Bentonville group. it appears to be mainly tech people. 1500 US associates and 1000 IDC (workers in India).

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LiberalArkie

(18,300 posts)
2. I guess if the Lord increases your product costs and demands you not raise prices, there is only one
Wed May 21, 2025, 08:15 PM
May 21

way to keep the share holders happy..

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