Iryna Tolmachova
U.S. retail giant Walmart (NYSE:WMT) plans to cut approximately 1,500 corporate jobs as part of a broad restructuring effort aimed at simplifying operations, Reuters reported, citing a company memo.
The layoffs will impact several divisions, including global technology operations, e-commerce fulfillment in U.S. stores, and Walmart Connect—its advertising business.
“To accelerate our progress delivering the experiences that will define the future of retail, we must sharpen our focus,” the memo read. While some positions are being eliminated, Walmart also plans to create new roles that align better with its future business priorities, the report said.
This restructuring follows previous staff reductions and office closures, including the shutdown of Walmart’s (NYSE:WMT) North Carolina office and the relocation of employees to primary hubs in California and Arkansas earlier this year.
Walmart (WMT) employs about 1.6 million people in the U.S. and approximately 2.1 million globally. The retailer faces higher supply chain costs, mainly due to ongoing trade tensions and tariffs, prompting the company to plan price increases on select products.
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