Walmart cuts staff at e-commerce sites

Walmart is making cuts to its e-commerce workforce across the US, as the retail giant anticipates slower sales growth and lower profits in the coming year. A spokesperson for Walmart confirmed that it is reducing its workforce due to a reduction in evening and weekend shifts. The company is eliminating hundreds of job cuts at five fulfillment centers, located in Pedricktown, NJ; Fort Worth, TX; Chino, CA; Davenport, FL; and Bethlehem, PA. Walmart anticipates same-store sales for its US business to grow between 2 and 2.5% in the fiscal year, compared to 6.6% growth in the previous fiscal year. Adjusted earnings per share are expected to range from $5.90 to $6.05, lower than the adjusted earnings per share of $6.29 for the past fiscal year. Walmart is working with affected employees to understand what career options may be available at other Walmart locations. Amazon and Target are making similar cutbacks as the retail industry continues to feel the impact of the pandemic.