Walmart (WMT) is slashing hundreds of store-support and training jobs, including the market coordinator position that supports certain managers, Bloomberg’s Jaewon Kang reports, citing a memo. The move marks another example of the retailer’s efforts to simplify its structure, the author notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Option traders moderately bearish in Wal-Mart with shares down 0.6%
- Walmart Stock (WMT) is a Buying Opportunity as ‘Big Move Up’ Awaits
- Symbotic price target raised to $54 from $35 at Oppenheimer
- Walmart Stock (WMT) Wilts as U.S. Summer Shoppers Eat Upmarket
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!