Walmart confirmed Wednesday (Aug. 3) that the company is restructuring several departments within its corporate structure, which will result in the loss of about 200 jobs in Bentonville and other corporate offices.
We are modernizing our structure and enhancing select roles to better position the company for a stronger future. At the same time, we are investing in key areas such as e-commerce, technology, health and safety, supply chain and ad sales, and creating new roles to support growing services for our customers, suppliers and the business community,” Walmart corporate spokeswoman Anne Hatfield told Talk Business. And he talked politics.
Hatfield said the exact number of jobs eliminated has not been released, but it is small compared to the number of jobs the retailer continues to add in other areas of the business. Walmart declined to specify in which business areas the cuts are taking place. Sources at Walmart have reported layoffs in the retailer’s real estate division, food and toy stores, along with some data analytics, last-mile delivery and customer service jobs.
Walmart’s hiring site shows the retail giant has opened more than 700 corporate jobs in Bentonville as of Aug. 3. Those jobs range from accounting and finance, merchandising, real estate and marketing to other areas within the company.
The news of Walmart’s layoffs comes as the company recently warned that it will face lower revenue from inventory in apparel and general merchandise after a shift in consumer buying behavior due to lower food and fuel prices.
Other companies in various business sectors began announcing layoffs in the past two months. Dallas-based 7-Eleven announced 880 job cuts, while JP Morgan announced about 1,000 job cuts in the bank’s mortgage division in June.
The number of job openings fell to 10.7 million on the last business day in June, the U.S. Bureau of Labor Statistics reported Aug. 2. Employment and total unemployment were little changed at 6.4 million and 5.9 million, respectively. Among the separations, layoffs (4.2 million) and layoffs and layoffs (1.3 million) were little changed.