Walmart will lay off approximately 1,500 U.S. corporate workers, according to the Wall Street Journal. The retail giant has “identified opportunities to remove layers and complexity, speed up decision-making and help associates innovate rapidly,” according to an internal memo sent to Walmart office-based associates on May 21 and provided by the retailer to Retail TouchPoints.
The retailer is reshaping teams in its Global Tech and Walmart U.S. organizations by “eliminating roles as well as opening some new roles aligned with our business priorities and growth strategy,” according to the memo from Walmart Global CTO and Chief Development Officer Suresh Kumar and Walmart U.S. President and CEO John Furner. These changes are focused on driving efficiency in the End-to-End Operations teams, and “we’re also evolving the structure of our Walmart Connect marketing organization to position us for future success as we continue to grow the business.”
Retailers large and small are cutting costs to prepare for the price hikes and economic slowdown that are likely to occur due to the Trump administration’s tariff policies. Walmart warned last week that it would be forced to raise prices even though more than two-thirds of what Walmart sells in the U.S. is made, assembled or grown domestically.
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