Walmart home office lays off nearly 500
BENTONVILLE, Ark. — Walmart, the world’s largest retailer, is laying off workers at its Arkansas headquarters this week.
The company is trimming jobs in its global business, finance, human resources, merchandise, real estate and technology divisions.
Bentonville Mayor Bob McCaslin’s office said Thursday that there would be fewer than 500 total job losses at Walmart’s home office.
Walmart spokesman Randy Hargrove said the company is “restructuring and streamlining” its teams before its fiscal year ends next Wednesday.
Some workers in the marketing division were laid off Wednesday and Hargrove said there will be a small number of layoffs today if the cuts weren’t completed Thursday.
The company will pay dismissed workers up to 60 days’ pay and help them find new jobs. Hargrove said eligible employees will also still receive their fiscal year-end bonus.