Walmart to lay off hundreds of corporate staff, relocate others

Source: Reuters

“Walmart is cutting hundreds of corporate jobs and asking most remote workers to relocate to three main tech offices or quit the company, a source familiar with the matter said on Tuesday. 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 base in Bentonville, Arkansas, as well as Hoboken, New Jersey, or Sunnyvale, California, the source told Reuters. Walmart will close those smaller hubs later this year, the source added. On a ‘business update’ call with employees on Monday, remote workers were given until July 1 to make a decision about relocating or to quit with severance, according to the source, who spoke on condition of anonymity. Those who choose to leave will receive two weeks pay for every year they worked at Walmart as severance, the source said.” (05/14/24)