The Clap
Walmart (NYSE: WMT) announced corporate employee layoffs in efforts to “better position the company for a strong future.”
The Deets
Some 200 employees have been laid off according to CNBC. A Walmart spokesperson said some “restructuring” is in order, as “customers are changing.”
Why this Matters
Walmart happens to be the U.S.’s biggest employer, with around 1.6 million employees.
However, the giant retailer is still hiring, but only across growing departments. These include: supply chain, e-commerce, health and wellness, & advertising sales.
Walmart announces layoffs 💼
