Walmart said it will cut 1,000 jobs through 2019.
The big box retailer continues its efforts to streamline operations with a series of planned layoffs, primarily affecting employees at its headquarters.
The company announced that it eliminated 400 to 500 jobs last week from roles spanning a variety of job functions including marketing, human resources and merchandising. While some employees have been moved to other positions as a part of the company’s restructuring efforts, employees facing layoffs will receive pay for 60 days plus job search help.
Next year approximately 500 more jobs will be eliminated when Walmart consolidates offices in preparation for its new headquarters. The new central campus will replace the current home base, which CEO Doug McMillon described as “expensive and inefficient” and “significantly beyond their shelf life.”
In an emailed statement related to the planned layoffs obtained by Bloomberg, the company said, “We’ve been looking at our structure for some time as we explore ways to operate more effectively. Those efforts continue. We’re committed to handling every transition smoothly and ensuring everyone is treated as fairly and respectfully as possible.”
This news follows the announcement two weeks ago that the company will close 63 Sam’s Club locations, 12 of which will be converted to e-commerce fulfillment centers.
Walmart has been actively working to reinvent its business to compete with Amazon and other encroaching online competitors. In addition to purchasing digital natives like Bonobos and ModCloth, it’s been leveraging the talent it on boarded with the acquisition of Jet.com to work toward new initiatives like launching an online mall with Lord & Taylor as an anchor.
The company is also fostering innovation through Store No. 8, it’s technology incubator. The company uses the company to fast track operations from promising startups and as a pipeline for fresh ideas.
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