Walmart Set to Cut Jobs at 500 Locations

The largest private employer in the Unites States is also putting to use the “cash recycler” machines which automatically count cash. They aren’t guaranteed the same hourly wage. There will be a centralized team that will handle invoicing. The current system is dated and error-prone, he said, and “we really want to pull our workforce onto the floor”. About 10,000 workers in the United States were affected, but the retailer attempted to relocate many of them to nearby Walmart locations that are still in operation.

Actively used by more than 20 million customers each month, the app enables users to check in to pick up an online order at a Walmart store, refill pharmacy prescriptions and find an item’s store location, among other features. Kory Lunberg, spokesman for Walmart Stores, Inc.

A company presentation shown on screen projected a sales increase of US$45 billion to US$60 billion in the next three years. Executives at the retailer have focused on their efforts to simplify US store operations in discussions with investors recently, noting that the sprawling empire of around 4,600 stores had become too complex. This was the part of company’s overall plan to shut 269 stores worldwide.

The service, first announced in December, makes Walmart “the only retailer to offer its own payment solution that works with any iOS or Android device (that can download the Walmart app), at any checkout lane, and with any major credit, debit, pre-paid or Walmart gift card – all through the Walmart mobile app”, according to a press release. Though Walmart managed to report better-than-expected results due to its focus on groceries, as it gets more than half of its revenues from its food and groceries segment.