In a recent update, US multinational retail corporation, Walmart, seems to be cutting hundreds of corporate jobs.
Walmart Layoffs
It appears that Walmart is cutting hundreds of corporate jobs further, asking most remote workers to move to offices, as per the information provided in a Wall Street Journal on Monday.
The company is asking most remote workers to move to offices.
Walmart’s workers in the smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs such as its corporate headquarters in Bentonville as well as Hoboken or Southern California, as per the report by the Wall Street Journal.
It’s not that Walmart does not allow workers to work remotely, they will still let staff work remotely part time, as long as they are in offices a majority of the time, said the sources.
In its regulatory filings, Walmart said that they have approximately 2.1 million associates as of Jan. 31, 2024.
This is not the first time, the company seems to have been making moves to shrink its workforce over the past year.
They further expect about 65 per cent of its stores to be serviced by automation by the end of its fiscal year 2026 as the company informed during April last year.
It’s Not The First Time
Prior to this, the company shut three of its US technology hubs in February 2023.
Then they have asked hundreds of workers to relocate to keep their jobs, pushing for more employees to report to work from the office.
So far, Walmart has not released any comment in this regard.
When it comes to India, Walmart has its presence in India through the Flipkart Group where it had acquired a majority stake in 2018 for $16 billion.
In India collectively, the Flipkart Group includes Flipkart, Myntra, Flipkart Wholesale, Flipkart Health+, Cleartrip.
Besides this, Walmart is also the parent organization of PhonePe, Flipkart UPI.
Walmart has hosted the first India Growth Summit this year where they have committed to tripling their exports from India to $10 billion annually by 2027.
