Walmart’s massive corporate layoffs: Cutting 1,500 jobs to reduce expenses amid tariff challenges
Walmart is cutting 1,500 corporate jobs as part of a major restructuring effort to reduce expenses and streamline operations amid rising tariff pressures.
Walmart, the largest private employer in the U.S., is set to cut around 1,500 corporate jobs. The move is part of a broader strategy to reduce costs and accelerate decision-making amid increasing pressures from tariffs on imported goods.
Walmart’s U.S. CEO John Furner and Global CTO Suresh Kumar shared details of the restructuring in a memo to employees on Wednesday.
Walmart announces 1,500 corporate job cuts amid restructuring efforts
According to Walmart's leaders, the company will be eliminating some roles and creating others, as in the United States the cuts are specifically "mainly focused on driving efficiency".
The memo their employees received states that as technology evolves faster than ever, "reshaping our structure allows us to accelerate how we deliver and adapt to the changing environment around us."
Tariffs vs. retail companies
These changes come after executives in the retail industry have warned about the impact Donald Trump's tariffs would have on the sector, with even the president in the meeting.
Walmart has been warning about an increase in prices since their report of strong first-quarter earnings, due to the levies on the imported goods. However, Trump does not agree with these comments and a few days ago criticized the company, saying they should "EAT THE TARIFFS."
Later, Treasury Secretary Scott Bessent stated that Walmart had agreed to cover a portion of the tariffs themselves, while passing some of the expenses on to customers.
