Walmart axing 450 jobs at Arkansas HQ as it restructure management team

Endaba Group

US retail giant Walmart is axing 450 jobs, which was revealed in an internal memo circulated to staff. Walmart Chief Executive Doug McMillon said the changes will make the retailer a “more nimble organisation”. Walmart employs 1.3m works in the US, including just under 19,000 at its headquarters. This comes after it cut profit forecast in August, but reported a 1.5% increase in like-for-like sales in the US during its second quarter. McMillon wants to “[pull] back in some areas and [invest] in others”.