Walmart to lay off hundreds of corporate staff and relocate others, WSJ reports

[SouthBayDem]

Source: Reuters

May 13 (Reuters) - Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Meanwhile, workers at the U.S. retail giant's smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs such as Walmart's corporate headquarters in Bentonville as well as Hoboken or Southern California, the report added.

Walmart will still let staff work remotely part time, as long as they are in offices a majority of the time, the report said.

Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings, opens new tab.

Read more: https://www.reuters.com/business/retail-consumer/walmart-lay-off-hundreds-corporate-staff-relocate-others-wsj-reports-2024-05-14/

[SleeplessinSoCal]

1. Is the intention to have more workers with experience on the sales floor?

That makes sense to me.

[PSPS]

2. It's usually just to reduce the payroll without incurring expenses associated with firing.

Many employees, especially in the categories they've identified, will simply quit. They can do their jobs just fine remotely.

[SleeplessinSoCal]

5. I just worry about brick and mortar stores.

Even Walmart.

[FakeNoose]

3. They'll maintain their profits though, don't you worry

The execs will all get their Christmas bonuses right on time.

[live love laugh]

4. Fuck. Walmart. I do my absolute best to avoid going there.

[GB_RN]

7. I Haven't Been Inside A Walmart In Years.

Don’t plan on going inside one ever again, if I can help it. We have a Sam’s Club here in town, but I’ll drive to Raleigh/Durham to go to Costco before I’d set foot inside that Sam’s Club…and in fact, I do.

[twodogsbarking]

6. Pity the poor bastards that don't get fired. They will have to pick up the slack. Been there.

[EastBayGuy]

8. In 2023, Walmart raised their store brand prices to increase profits by $10 billion.

Then they gave $5.9 billion back to investors. Stealing from the poor to give to the rich. Fuck Walmart!

https://www.newsweek.com/walmart-price-increases-slammed-1882788

[EastBayGuy]

9. Duplicate