As part of a broader relocation strategy unveiled in May 2024, Walmart (WMT) continues to pull workers back to its main hubs in California and Arkansas while also announcing layoffs for hundreds of roles, Fox Business’s Daniella Genovese reports, citing an internal memo seen by FOX Business earlier today. Relocated employees have at least a month to inform the company if they plan to move to the main hubs, the report states.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Trump Trade: Canada reaches deal with U.S. to pause tariffs for 30 days
- Target Faces Class Action Lawsuit for Defrauding Investors About DEI Risks
- Edible Garden expands existing partnership with Walmart
- Walmart price target raised to $113 from $100 at UBS
- Walmart (NYSE:WMT) Rolls Out Huge Canadian Investment