Omnichannel

Walmart trimming corporate jobs as part of omnichannel strategy

Photo by istock.com

August 3, 2020

Walmart is reportedly slicing corporate jobs as part of its quest to merge its online and physical businesses and become a stronger omnichannel retailer.

The U.S. retailer has not stated how many jobs will be cut and told CNBC it would provide further detail after employees have been informed.

Walmart has already laid off hundreds across several business units, according to a Bloomberg report.

In May, it announced it was shuttering its online store, Jet.com, and recently announced it was creating Walmart+, a subscription service tailored as an Amazon Prime competitor.