Walmart to lay off roughly 1,500 employees from its corporate tech workforce
Walmart recently announced plans to streamline its Global Tech team by laying off approximately 1,500 corporate employees. This move is part of a restructuring effort aimed at enhancing efficiency and speeding up decision-making within the company. The layoffs will not affect store associates but are intended to simplify the organizational structure and promote innovation.
The decision to downsize the Global Tech team was communicated to employees through a memo from Suresh Kumar, Walmart’s global chief technology officer and chief development officer, and John Furner, president and CEO of Walmart U.S. The memo emphasized the need to adapt to the rapidly evolving technology landscape and position Walmart for success in the future.
Despite the layoffs, Walmart has also announced the creation of new roles as part of the restructuring process. The company is looking to eliminate layers and complexity within its tech teams to better align with the changing environment and deliver on its strategic objectives.
Walmart, headquartered in Bentonville, Arkansas, is the largest retailer in the world with approximately 1.6 million employees and 4,600 locations in the United States. The company has been facing challenges related to tariffs, which have led to a decision to increase prices on certain products. This move comes after Walmart reported a decrease in earnings for the quarter ended April 30.
Mary Cunningham, a reporter for CBS MoneyWatch, covered the news of Walmart’s restructuring. Prior to her current role, she gained experience working at “60 Minutes,” CBSNews.com, and CBS News 24/7 as part of the CBS News Associate Program.
As Walmart continues to adapt to the changing retail landscape, the company remains focused on driving innovation and efficiency to better serve its customers and remain competitive in the market.
