Walmart suits face bloodbath as retailer targets corporate layoffs

The layoffs, relocations were outlined in a memo sent Tuesday by Walmart executives Daniel Danker and Suresh Kumar, the Wall Street Journal reported.

New York Post • 7 hours ago

Walmart Is the Latest Big U.S. Employer to Cut Its Corporate Staff

Walmart is cutting jobs—but it isn't blaming AI.

Investopedia • 3 hours ago

Walmart layoffs today: Tech-related jobs get cut as retail giant consolidates product and design operations

Retail giant Walmart Inc has confirmed that it will eliminate some jobs. However, the affected positions will not impact the company's retail staff, which makes up the overwhelming majority of its 1.6 million-strong U.S. workforce.

Fast Company • 5 hours ago

Walmart to cut or relocate 1,000 corporate workers: is AI to blame again?

Walmart is cutting or relocating around 1,000 corporate employees as the retail giant consolidates parts of its global technology and artificial intelligence operations in a broader push to streamline decision-making and accelerate its digital transformation. The move, first reported by The Wall Street Journal on Tuesday, comes as Walmart increases investments in artificial intelligence, automation and technology infrastructure to compete more aggressively with rivals including Amazon, Costco and Aldi.

Invezz • 14 hours ago

Walmart earnings preview: analyst says WMT's premium multiple is justified

Bentonville-headquartered Walmart Inc (WMT) is in focus as the retail titan prepares to release its first-quarter (Q1) earnings on May 14th – before the opening bell. Consensus is for WMT to earn $0.65 a share (adjusted) on about $172.5 billion in revenue, which represents a meaningful top- and bottom-line growth from $0.61 per share and $165.5 billion last year.

Invezz • 5 hours ago

Walmart Cuts or Moves 1K Jobs Amid Greater Tech Focus

Walmart reportedly plans to either cut or relocate roughly 1,000 corporate jobs. The move is driven by the company's effort to bring together its global technology and product teams, the Wall Street Journal (WSJ) reported Tuesday (May 12), citing sources familiar with the situation.

PYMNTS • 12 hours ago

Read the memo: Walmart cuts or reorganizes 1,000 jobs

Walmart is cutting or relocating 1,000 corporate jobs to address redundancies. A person familiar with the restructuring said it was not driven by AI automation.

Business Insider • 18 hours ago

Will Walmart (WMT) Beat Estimates Again in Its Next Earnings Report?

Walmart (WMT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Zacks Investment Research • 6 hours ago

Walmart: Consolidation In Uptrend Means New Highs Likely (Technical Analysis)

Walmart has surged 140% since early 2024, driven by robust e-commerce growth and a tech-enabled retailer revaluation. WMT's eCommerce sales have grown at least 19% annually for three years, now comprising 21% of total sales and fueling rapid advertising revenue expansion. Despite a high P/E of 48 and record-low yield, technicals remain bullish; consolidation between $117–$135 could precede further upside, especially with a breakout above $135.

Seeking Alpha • 16 hours ago

Walmart vs Costco Wholesale: Which Retail Stock Is the Better Buy Right Now?

These stocks both trade at price-to-earnings multiples of around 50. Walmart's growth has been more consistent, while Costco's can vary with consumer appetite for discretionary spending.

The Motley Fool • 7 hours ago