Walmart layoffs to hit about 500 jobs
While it recently announced it was boosting its hourly wage, Walmart is slashing 400 to 500 jobs at its headquarters, according to a Fortune report.
The cuts are being made in a range of internal divisions, from finance to human resources to marketing, according to the report.
"We've been looking at our structure for some time as we explore ways to operate more effectively," the company stated in an email. "Those efforts continue. We’re committed to handling every transition smoothly and ensuring everyone is treated as fairly and respectfully as possible."