Walmart Is Laying off Hundreds of Employees, Asking Remote Workers to Move to Offices
By Trisha Andrada
May 14, 2024 04:58 AM EDT
© 2024 Copyright Venture Capital Post. All Rights reserved.
May 14, 2024 04:58 AM EDT
Walmart is reportedly laying off hundreds of corporate employees and requesting all its remote workers to move to the company's offices.
Moreover, staff working in smaller offices in cities such as Dallas, Atlanta, and Toronto are asked to relocate to large corporate hubs, such as Walmart's headquarters in Bentonville, Arkansas; Hoboken, New Jersey; or Northern California.
(Photo : Scott Olson / Staff)
The Wall Street Journal was the first to disclose the story, citing sources with knowledge of the situation. According to CNBC, Walmart has been taking steps to reduce its personnel over the last year.
In April 2023, the company announced its expectation that 65% of its stores would be served by automation by the end of fiscal year 2026.
In February of the same year, it also urged hundreds of employees to leave or find other employment after closing three of its technological centers in the United States.
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Regulatory documents show that as of January 31 this year, Walmart employed over 2.1 million workers. According to the Wall Street Journal, the majority of that figure includes 1.6 million American workers who are employed in retail and logistics.
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