Walmart confirmed media reports that it is cutting the size of its corporate workforce
—and those cuts don’t count reorganization within its roughly 4,750 U.S. stores to consolidate divisions and eliminate some regional manager roles, the Bloomberg sources said.it would share more details after notifying employees.
The coronavirus pandemic, and attendant stay-at-home orders have treated grocers more kindly than other retailers, and in late April Walmart said it had hired 200,000 associates to work in stores, Sam’s Club locations and distribution and fulfillment centers since March 19. By far the nation’s largest private sector employer, with 1.5 million U.S. workers, Walmart also said it has agreed to pay out $1.1 billion in cash bonuses to workers since the spring, when the coronavirus began its initial spread through the country.campaign, and peer pressure from rival Target, Walmart has rebuffed calls to boost its hourly starting wage to $15 an hour, from the current $11, though the company says the average, full-time hourly wage in the U.S. is $14.26.
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