Walmart was riding a pandemic high for nearly two years. Then it laid off hundreds — here are 3 issues that have plagued the company.
– a move that indicates the retail giant is pivoting to deal with declining profits and an uncertain economic climate.
"A cut of 200 roles is not material in the context of a giant employer like Walmart," John Zolidis, the president of Quo Vadis Capital, told Insider."However, the action does not send a feel-good message about the business. It also does not suggest a doubling-down on the kind of incremental investment necessary to build capacities and drive growth."
But prices have continued to climb to a point where Walmart customers are cutting their budgets to the bone, focusing only on basic grocery items. The necessity of grocery spending coupled with high gas prices led Walmart customers to avoid spending on general merchandise at the retailer.
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