REPORT: Walmart To Lay Off Hundreds, Ask Others To Move Closer To Hubs

Walmart Is Laying Off Hundreds Of Employees And Making Others Come Into Offices In Its Main Hubs.

Walmart will lay off hundreds of workers and ask most of its remote workers to come into offices, The Wall Street Journal reported, citing anonymous sources.

The retail giant is also asking workers based in its smaller offices, such as Dallas and Atlanta, to move to its main hubs, like Northern California or its headquarters in Bentonville, Arkansas. Remote work can continue, but only if employees spend the majority of their time in the office, according to the WSJ.

It is unclear what precipitated the changes at the nation’s largest private employer. The news of the layoffs and the move to centralize workers comes days before Walmart’s first-quarter earnings call May 16.

Walmart is not the only company to step up its return to the office mandate. Many major employers are clamping down on workers who do not abide by mandates to come into work, and foot traffic into office buildings across the country was up 19% year-over-year in March.

The company has made efforts to cut costs over the last year and shift more resources to priority areas, the WSJ reported. Another recent victim of the scaling-back has been the company’s healthcare business.

Last month, Walmart announced it would shutter 51 clinics and its telehealth business, citing rising operating costs and difficulties with reimbursements. Only last year, Walmart had planned to expand this arm of its business.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Walker & Dunlop On Why The Housing Market Is More Balanced Than It Appears

Retailers Charging Ahead With EV Stations Despite Policy Pullback

Suburban Chicago Shopping Center Sells For $122M In Major Retail Deal

U.S. Office Sales Show 31% Year-Over-Year Growth

Data Center Demand Doubles, Fueling New AI Boomtowns

Hall Of Fame Running Back Emmitt Smith Sued Over Failed Texas Solar Project

Becknell Taps JLL IPT Veteran To Boost REIT's Selling Group

American Healthcare REIT On A $1.5B Senior Housing Buying Spree

Westfield Montgomery Pays Off $350M Loan As New Retailers Expand In Mall

Joss Realty CEO, Executives Join Another Company's Real Estate Division

Crow Holdings Raising Nearly $3.3B Fund, Its Largest Ever

California Duo's Ponzi-Like Investment Scheme Unravels With Bankruptcy, SEC Charges