Apple and inflation make Tuesday a bigger deal for markets than jobs Friday

Walmart slashed a few dozen jobs at corporate headquarters in addition to making several promotions as it continues to realign resources around new areas of focus, namely e-commerce.

The company has cut a few dozen jobs, according to Talk Business & Politics. An undisclosed number of promotions have also been awarded, largely in merchandising, according to Retail Dive.

Todays cuts are on top of roughly a 1,000 job cuts last year and 500 in replenishment roles since the end of January (the beginning of Walmart’s new fiscal year), according to TB&P. It’s all part of a larger realignment as the company allocates resources to support new initiatives including e-commerce and store intiatives.

“As we said in January, we’re continuing to look at how the company is structured, which includes investing in and adding jobs in some areas and eliminating some in a few others,” Walmart spokesperson Randy Hargrove told Retail Dive . “This is all about aligning and creating efficiencies as we change how we work to seamlessly serve our customer through our stores and e-commerce.”

In January, Walmart said it would add some 10,000 jobs through new store openings for its Walmart and Sam’s Club divisions, a move that flies in the face of a common narrative today: that retail associates jobs are a new endangered species.

In all, close to 60,000 retail jobs have been lost in 2017, most from department and apparel stores. But Walmart’s cuts are strategic, rather than a reaction to declining sales. The company is locked in battle with Amazon for retail dominance, trying to win the hearts, minds and disposable income of consumers.

 

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