Walmart slashes 1,500 jobs in technology team amid reorganisation push

Retail giant Walmart Inc is cutting its corporate staff at its Bentonville, Arkansas headquarters and additional locations as the global retail giant seeks to lower expenses amid economic uncertainty, Bloomberg reported.

The US retailer is eliminating positions within its worldwide technology division, affecting fewer than 1,500 workers. The company’s stock showed minimal movement in after-hours New York trading. Shares have gained 6.7 per cent year-to-date through Wednesday’s market close, surpassing the S&P 500 Index performance.