Walmart Starts Layoffs

Investing

Published: February 5, 2025 9:15 am

Walmart Inc. (NYSE: WMT) has begun layoffs. This move is part of a plan to transfer people into larger central offices. However, it may not be the only reason for the move by America’s premier retailer.

24/7 Wall St. Key Points:

Walmart Inc. (NYSE: WMT) has begun layoffs as it consolidates into larger central offices.
However, the decision will not affect the retailer’s bottom line.
Take this quiz to see if you’re on track to retire. (sponsored)

Many of the people who are affected will move to world headquarters in Bentonville Arkansas, according to Fox Business. This means offices in Atlanta, Dallas, and Toronto will be shuttered

Walmart Chief People Officer Donna Morris wrote to workers, “Through this review process, we have eliminated some roles as we streamline how we work.” She also said the move was made to encourage “shared understanding” and “people working together in person.”

Unlike many layoffs, the decision will not affect the company’s bottom line. Walmart has 1.6 million workers in the United States and 4,606 stores. It says 90% of Americans live within 10 miles of one of its stores.

Walmart’s most recently posted financials showed e-commerce growth up 27%. Revenue rose 5.5% to $169.6 billion, while per-share earnings came in at $0.58. Its stock is up 78% in the past year, compared to a 22% gain for the S&P 500.

You Won’t Believe These 8 Stores Secretly Offering Better Prices Than Walmart

It’s Your Money, Your Future—Own It (sponsor)

Are you ahead, or behind on retirement? For families with more than $500,000 saved for retirement, finding a financial advisor who puts your interest first can be the difference, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors who serve your area in minutes. Each advisor has been carefully vetted and must act in your best interests. Start your search now.

If you’ve saved and built a substantial nest egg for you and your family, don’t delay; get started right here and help your retirement dreams become a retirement reality.