Walmart confirmed on Wednesday (August 3) that the company is reorganizing several divisions within its corporate structure. This will result in the loss of approximately 200 jobs in Bentonville and other corporate offices.
“We are updating our structure and evolving selected roles to provide clarity and better position the company for a strong future. We are investing further in key areas such as , supply chain and advertising sales, and creating new roles to support our growing number of services to our customers, suppliers and business community,” said Hatfield, corporate spokeswoman for Walmart. told Talk Business & Politics:
Hatfield said the exact number of jobs that will be cut has not been announced, but said it would be small compared to the number of jobs retailers continue to add in other areas of their business. A source close to Walmart said the retailer’s real estate division, food and toy merchandising division, and some data analytics positions, last-mile delivery, and customer service positions will also be eliminated this week, as well as reported job cuts.
More than 700 corporate jobs are open in Bentonville as of August 3, according to Walmart’s job site. These openings spanned accounting, finance, merchandising, real estate and marketing, among other areas within the company.
The news of Walmart’s corporate layoffs has seen earnings fall this year due to overstocking of apparel and general merchandise after changes in consumer shopping behavior earlier this year amid rising basic prices for food and fuel. This comes after the company recently warned that sales would decline.
Other companies across several business units have started announcing layoffs in the past few months. Dallas-based 7-Eleven announced job cuts of 880 from him, and JP Morgan said in June it would cut about 1,000 jobs at the bank’s mortgage division.
The U.S. Bureau of Labor Statistics announced on August 2 that the number of job openings for the last business day of June fell to 10.7 million. 6.4 million people were hired, and 5.9 million people left. Among job turnovers, retirees (4.2 million) and layoffs and layoffs (1.3 million) have changed little.