- Walmart (NYSE:WMT) is reportedly planning to lay off hundreds of workers, including senior managers, at its headquarters in Arkansas.
- The retailer is looking to limit the effect of the costs associated with a hike in the wages of store workers and investment in other areas of its business, such as its pickup service for online grocery orders.
- Fewer than 500 staff are set to lose their jobs out of 18,000-19,000 who work at HQ.