Not long after Bentonville, Arkansas, U.S.A.-based retail giant Walmart warned it would have to raise prices on customers due to tariffs, it is now planning to cut around 1,500 corporate positions as part of a restructuring push to simplify its operations, according to a memo reported by Reuters.
Teams in its global technology operations, e-commerce fulfillment in U.S. stores, and its advertising business Walmart Connect will be impacted, according to the firm.
"To accelerate our progress delivering the experiences that will define the future of retail, we must sharpen our focus," the memo said.
The retailer began a restructuring and broader relocation strategy last year; it then announced plans this February to lay off or relocate more than 800 corporate employees.
Following that, Walmart CEO Doug McMillon said that his firm will likely have to raise prices due to tariffs instituted by U.S. President Donald Trump. Walmart is the largest importer in the U.S., according to Reuters, with about 60 percent of its imports coming from China...
