Earlier, Walmart announced that it would be cutting its profit outlook. Following the news, the retail giant has begun laying off around 200 employees from its corporate workforce. Walmart spokesperson Jimmy Carter revealed that the company wants to focus on evolving its structure to gain clarity and prepare Walmart for a strong future. The Wall Street Journal noted that the corporate roles were from merchandising, global technology, and real estate. Walmart would further invest in different areas, including e-commerce, technology, health and wellness, supply chain, and advertising.
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