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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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!