
Yasin Ebrahim
Investing.com -- Walmart is reportedly eyeing hundreds of corporate job cuts as part of a restructuring plan to boost performance after warning on profit last week, the Wall Street Journal reported, citing unnamed sources.
Walmart (NYSE:WMT) was down less than 1% in afterhours trading following the news.
The retailer has started notifying employees in its Bentonville, Ark., headquarters and other corporate offices of the restructuring, which will focus across several departments including merchandising, global technology and real-estate teams, the report said, citing the sources.
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