Walmart cuts hundreds of corporate roles, report says

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Walmart cuts hundreds of corporate roles, report says
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Walmart has cut hundreds of corporate positions, according to a report by Bloomberg.

The report, citing people familiar with the matter, said the layoffs affected workers across store planning, logistics and real estate units.

The big-box retailer has had a surge of sales during the pandemic, but its labor costs have risen, too. A man walks past a Walmart store in Washington, DC on July 15, 2020. - Walmart will require shoppers to wear face masks starting next week, the US retail giant announced on July 15, joining an increasing number of businesses in mandating the protection amid the latest spike in coronavirus cases.

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