Walmart Layoffs Job Cut: fires 650 employees closes optical labs: Finance Trading Times

Walmart Layoffs Job Cut: fires 650 employees closes optical labs

The news is from Walmart which has gone for layoffs. The news is not good for the employees of the optical labs division of Walmart as the organization is going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the Walmart. Walmart Logo

How many employees may be fired in the Walmart layoffs?
As per the reports, there may be around 650 job cuts by the company.

What is the total no. of employees of Walmart ?
No info about that.

What will be the cost and savings by Walmart layoffs?
No info about that.

When will the Walmart layoffs happen?
As per the reports, the layoffs will be made as soon as possible. However, the good news is that the company has said that the workers would be eligible for positions at area Walmart and Sam's Club stores. Also, they will pay for 2 months to the affected workers.

Which locations and department of employees will be affected by the Walmart layoffs ?
The Optical Labs are being closed on the South Side, so all the associated employees at that location will be affected.

What is the primary reasons for Walmart layoffs?
the layoffs are being done to allow the company to reduce costs and operate the business more efficiently.

Any other news about Walmart layoffs
As per IndiaTimes, The company will also suspend share buybacks for the rest of its fiscal year
Let's hope that alternative jobs are available to the affected employees of Walmart Layoffs Job Cut
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