Walmart, the world’s largest retail giant is on a cost cutting spree. The company has been bogged down with increased costs and decreased margins, which have resulted in it’s stocks plummeting by more than a quarter this year.
As a result, the retailing giant is also paring it’s workforce. To do so, where better to start than at home. Thus, the company is shedding approx 500 jobs at it’s headquarters in Arkansas, U.S.A. The location employs more than 18 thousand people in total.
