• The Wall Street Journal reports that Walmart has begun the process of eliminating as many as 1,000 corporate jobs, with the layoffs affecting "employees involved with the retailer’s supply chain, known as 'replenishment,' a person familiar with the situation said. They are expected to continue through the end of the month, executives familiar with the process said, as workers in human resources, technology and e-commerce are cut."
The Journal quotes a memo from CEO Doug McMillon as saying that "to fuel our growth and our investments we have to manage our costs ... From time to time, you’ll see the company eliminate positions in an effort to stay lean and fast."
The paper also notes that this requires a kind of juggling act: "working to follow through on investor promises to create leaner operations while placating" the new Trump administration "by highlighting US job growth."
The Journal quotes a memo from CEO Doug McMillon as saying that "to fuel our growth and our investments we have to manage our costs ... From time to time, you’ll see the company eliminate positions in an effort to stay lean and fast."
The paper also notes that this requires a kind of juggling act: "working to follow through on investor promises to create leaner operations while placating" the new Trump administration "by highlighting US job growth."
- KC's View:
