Walmart to cut about 1,500 corporate jobs

Core Viewpoint - Walmart, the largest private employer in the U.S., is cutting over 1,000 corporate jobs to reduce expenses and streamline decision-making amid increasing pressure from tariffs [1][5]. Group 1: Job Cuts and Restructuring - The job cuts are primarily focused on enhancing efficiency within the company's end-to-end operations teams and restructuring the Walmart Connect marketing organization for long-term viability [3][8]. - Executives have indicated that while some roles are being eliminated, new roles aligned with business priorities and growth strategies are also being created [5]. Group 2: Impact of Tariffs - Walmart has reported strong first-quarter earnings but has warned of imminent price hikes due to the significant levies on imported goods [6]. - Despite a reduction in duties on Chinese imports by President Trump, Walmart CEO Doug McMillon stated that the company cannot absorb all the pressure due to narrow retail margins [6]. - Nearly two-thirds of Walmart's U.S. spending is directed towards domestically produced products, while the remaining third is sourced globally, with China and Mexico being the largest contributors [7].