is cutting hundreds of corporate jobs and asking most remote workers to relocate to three main tech offices or quit the company, a source familiar with the matter said on Tuesday.
On a "business update" call with employees on Monday, remote workers were given until July 1 to make a decision about relocating or to quit with severance, according to the source, who spoke on condition of anonymity. Walmart's job cuts underscore its efforts to cut costs as discretionary spending in the United States remains strained. Spending among Americans has remained weak compared to 2021, at least for non-essential, discretionary merchandise like clothing, according to surveys by Deloitte.
Source: News Formal (newsformal.com)
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