Walmart’s move to make more of its workers full time signals the retailer’s workforce strategy as it builds a competitive e-commerce business. To that end, the retailer also said Thursday that it is investing in Cruise, a San Francisco-based self-driving car company.
The move follows some of Walmart’s other recent announcements that have sought to signal an emphasis on its workforce. In its investor meeting in February, the retailer said it was increasing pay for some 425,000 additional workers, a wage increase the company said would effectively mean that half its U.S. hourly workers would be paid $15-an-hour or more. Walmart has roughly 1.4 million employees in the U.S.
Walmart’s move may also indicate a shift in the kind of demand it’s seeing from customers, as spending patterns have started to stabilize from the kind of panic-induced spree-buying it and other big-box retailers saw last year when they were among the only ones consistently open during the pandemic.
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