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Walmart lays off hundreds of corporate workers

Last week, Walmart warned that its profit would decline in the current quarter and fiscal year because it was having to mark down apparel and other merchandise that has piled up in its stores (Photo: Bloomberg) — Last week, Walmart warned that its profit would decline in the current quarter and fiscal year because it was having to mark down apparel and other merchandise that has piled up in its stores **(Photo: Bloomberg)**

1 min read . Updated: 04 Aug 2022, 04:59 PM IST Sarah Nassauer, The Wall Street Journal

Retailer is restructuring headquarters operations after warning of profit troubles

Walmart Inc. is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits.

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