Walmart is making some big cuts.
The retail giant plans to cut about 1,500 jobs as part of a restructuring plan to lower expenses, the Wall Street Journal reported on Wednesday (May 21).
The company’s plan will impact teams in its global technology operations, e-commerce fulfillment in U.S. stores, and its advertising business Walmart Connect, per the report.
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Walmart is the largest U.S. private employer with about 1.6 million employees, with 2.1 million employees worldwide in total, per the official website.
Reuters reports it’s also the country’s biggest importer with about 60% of its imports, mainly items such as clothing, electronics and toys, from China.
The company said last week it would raise prices for some products by the end of May as President Donald Trump‘s trade war hits its supply chain.
The move prompted President Trump to criticize the company.
“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump wrote on Truth Social.
“Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!”
Temu also made a big change amid the tariffs.
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