News > Walmart cuts hundreds of corporate jobs after warnings of falling profits

Walmart cuts hundreds of corporate jobs after warnings of falling profits

04/08/2022 12:34 PM | Click to read full article

The retail giant Walmart is laying off about 200 corporate workers, a source familiar with the situation told The Hill on Wednesday, a week after it reported inflation was affecting its overall profits. 

The layoffs come as consumer confidence dips and inflation reaches record highs. The layoffs won’t affect front-line workers, the source told The Hill, and are part of a restructuring effort the company hopes will create new jobs over time.

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