Walmart to Lay Off Employees Ahead of Quarterly Earnings Conference
In a recent move, Walmart has announced plans to lay off a significant number of employees just days before its upcoming quarterly earnings conference. Along with this mass layoff, the grocery chain is also requiring many of its remote employees to relocate to various offices in Bentonville, Arkansas, Hoboken, New Jersey, and the San Francisco Bay Area. Walmart’s chief people officer, Donna Morris, stated that this decision is aimed at bringing employees back together.
Furthermore, some sections of the business have undergone changes that will result in a reduction of several hundred campus roles. Morris emphasized that supporting the affected associates is a top priority, despite the relatively small percentage of overall staff being impacted by these changes.
The exact number of layoffs in this mass layoff has not been disclosed at this time. These layoffs come just before Walmart’s quarterly earnings conference, where the company will report on its financial performance for the first quarter of 2025. The results are scheduled to be released on Thursday morning.
In other news, Walmart recently introduced a new budget-friendly brand, Bettergoods, to its grocery lineup in response to rising inflation. The brand offers products priced between $2 and $15, with the majority of items priced under $5.
For further information, the Truth Voices reached out to Walmart for comment.
