A Walmart store.
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Walmart has reportedly laid off hundreds of corporate workers.
According to a report from the Wall Street Journal, around 200 jobs have been nixed.
The news comes after multiple different large companies have instigated layoffs.
Walmart has reportedly laid off approximately 200 corporate employees from its Bentonville, Arkansas, headquarters.
The Wall Street Journal was first to report news of the layoffs, which predominantly affected the merchandising, global technology and real estate teams.
The news comes amid a sweep of layoffs at high-profile companies, from Microsoft to 7-Eleven. Walmart had previously sounded the alarm on its outlook, with CEO Doug McMillion releasing a statement on how “increasing levels of food and fuel inflation are affecting how customers spend.”
The “Great Regret” has also prompted large companies to reassess pandemic-era expansion, in the face of growing economic uncertainty. McMillon previously indicated that Walmart hired too many people during the pandemic.
Walmart did not immediately respond to Insider’s request for comment.
This is a developing story, please refresh for updates.
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