Nation’s largest private employer laying off 1,500 employees
Walmart, the nation’s largest private employer, is cutting 1,500 jobs.
The Wall Street Journal was the first to report the cuts that will mostly take place in corporate positions including its global tech, e-commerce and advertising divisions.
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“To accelerate our progress delivering the experiences that will define the future of retail, we must sharpen our focus,” a memo sent to Walmart’s office-based associates on Wednesday noted, according to a report in Newsweek.
Walmart has roughly 1.6 million employees in the U.S. The cuts will take place at the company’s Bentonville, Arkansas headquarters and other offices.
According to WSJ, the cuts are not related to Trump administration tariffs and instead of due to technology changes. Those changes, according to a memo cited by WSJ, necessitated “reshaping our structure” so that Walmart can “accelerate how we deliver and adapt to the changing environment around us.”