Walmart let go of almost 200 corporate employees on Wednesday amid the economic downturn and rising inflation, according to a person familiar with the development. The company said in a statement that these layoffs are a part of updating its structure. Last month, the firm slashed its Q2 and yearly profit guidance and said people are spending less on items like electronics due to inflation.
The retail giant employs over 1.6 million people across its stores and supply chain in the U.S — those workers were not affected by these layoffs. A report from Bloomberg noted that job cuts affected people
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