The retail industry continues to suffer as national chains face financial issues. Giant retailer Walmart announced laying off workers at five of its e-commerce fulfillment centers, including Fort Worth, Texas.
Is this the retail apocalypse?
Already this year, over 1400 stores have been slated to close, and retailers have announced 17,456 job cuts so far in 2023. This is compared with 761 job cuts in the same period last year.
Now comes the news that retail giant Walmart is laying off hundreds of workers at five of its e-commerce centers in the United States. Unfortunately, this includes the facility in Fort Worth, Texas.
Employees have been asked to find jobs within 90 days at other company locations. This could include moving to the new high-tech e-commerce distribution center in Lancaster. Laid-off workers will continue to be paid for 90 days.
"Customer expectations are changing, and we are moving quickly to meet and exceed their needs. As demand grows, we are maximizing our network of stores and fulfillment centers to deliver items for online customers when and how they want them. This decision was not made lightly, and we’re working closely with affected associates to help them understand what career options may be available at other Walmart locations." Walmart spokesperson
Are you concerned about the number of job losses in the retail industry? Do you believe the government should be offering more support to businesses?
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