Walmart has announced it will lay off a large number of its employees on Tuesday, days before it hosts its first quarterly earnings conference.
Beyond this new mass layoff, the grocery chain is also requiring most of its remote employees to relocate to various offices, including in Bentonville, Arkansas, Hoboken, New Jersey, and the San Francisco Bay Area. Donna Morris, Walmart’s chief people officer, argued that this will bring more of its employees back together.
“In addition, some parts of our business have made changes that will result in a reduction of several hundred campus roles,” Morris said in the memo. “While the overall numbers are small in percentage, we are focused on supporting each of our associates affected by these changes.”
The exact number of cuts that will take place in this mass layoff has not been revealed.
The announcement of these layoffs comes ahead of Walmart’s quarterly earnings conference on Thursday, which will cover the company’s first 2025 financial quarter. The results for this quarter will be released Thursday at 7 a.m.
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Last month, Walmart unveiled a new bargain brand it is adding to its grocery lineup, Bettergoods, likely as a means to combat inflation. This brand features products priced between $2 and $15, with a majority of items costing under $5.
The Washington Examiner contacted Walmart for comment.
