(newsinpo.site) – As part of an effort to reduce costs and streamline processes, U.S. leading retailer Walmart intends to eliminate approximately 1,500 positions, according to a memorandum obtained by newsinpo.site.
The company’s plan will impact teams in its global technology operations, e-commerce fulfillment in U.S. stores and its advertising business Walmart Connect.
“To speed up our advancement in providing the experiences that will shape the future of retail, we need to concentrate more intently,” the memo stated.
According to the plan, the firm will phase out certain positions while introducing several new roles as well.
Walmart stands as the biggest private employer in the U.S., boasting roughly 1.6 million staff members domestically. The company reported having approximately 2.1 million workers globally based on information from its official site.
It is likewise the nation’s largest importer, accounting for roughly 60% of its imports, which primarily include goods like apparel, electronic devices, and toys, sourced from China.
The Wall Street Journal was the first to report on the planned job reductions.
The firm previously announced that it would increase costs for certain items by the end of May due to President Donald Trump’s trade conflict affecting its supply chain.
In February, Walmart reduced certain positions and shut down its office in North Carolina as part of its strategy to transfer staff to its primary centers located in California and Arkansas.
(Reported by Juveria Tabassum in Bengaluru; Edited by Vijay Kishore and Arun Koyyur)
