Following announcements of over a dozen Walmart store closures in recent weeks, now comes word of job terminations outside of brick and mortar locations.
Author’s Note
This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets: Facebook.com, Reddit.com, Google.com, and Reuters.com.
Introduction
I write extensively about the Walmart superchain for NewsBreak. Of late, most of my articles have detailed over a dozen recently-announced store closures, which have caused industry analysts to question the long-term health of the entity and customers to take to social media sites such as Facebook and Reddit to express their consternation.
Now comes word that following the recent spate of Walmart store closures — and of the company’s pick-up and delivery centers — that its e-Commerce fulfillment centers are curtailing expenses and laying off hundreds of employees.
Let us explore further.
Walmart, 2023
According to a March 23rd report from Reuters.com, entitled “Exclusive: Walmart Laying Off Hundreds of US Workers at Five e-Commerce Fulfillment Centers,” the latest Walmart downsizing-related development is strategic in nature.
As excerpted from the report: Hundreds of workers at five U.S. Walmart facilities that fulfill e-commerce orders are being asked to find jobs within 90 days at other company locations, a spokesperson confirmed to Reuters. About 200 workers at Pedricktown, New Jersey, and hundreds of others at Fort Worth, Texas; Chino, California; Davenport, Florida; and Bethlehem, Pennsylvania were let go due to a reduction or elimination in evening and weekend shifts, the spokesperson said.
As a targeted Google search will very, this latest news is causing further analyst speculation as to not only further unexpected company developments, but repercussions for the economy in general.
The Reuters.com report goes on to state: The layoffs at Walmart, a retail bellwether because of its size, could be a harbinger of further turmoil in the U.S. economy, which many economists predict could enter recession this year.
Conclusion
This is a developing story. In the event of pertinent updates to this matter, I will share them here on NewsBreak.
Thank you for reading.
Comments / 1