Walmart lays off hundreds of corporate workers

Walmart is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits.

The retailer began notifying employees at its Bentonville, Ark., headquarters and other corporate offices about the restructuring, which affects various departments, including merchandising, global technology and real estate teams, the people said. About 200 jobs in total are being cut, one of these people said.

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