Walmart is undergoing significant changes, including job cuts, the closure of its North Carolina office, and relocations of employees to Bentonville, Arkansas. The company's Chief People Officer, Donna Morris, emphasized the need for speed and shared understanding in operations. Additional offices are being opened and expanded in several locations. This comes amid a broader trend of layoffs in the industry, as experts suggest Walmart is intensifying its competition with Amazon, aiming for greater market confidence and performance.
We are making these changes to put key capabilities together, encouraging speed and shared understanding. Through this review process, we have eliminated some roles as we streamline how we work.
I think this is the year where Walmart's assault on Amazon gains serious momentum. I think the stock is going to radically outperform it.
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