Walmart makes a controversial move affecting job seekers

Core Insights - Walmart has paused all job offers to candidates requiring H-1B visas due to the newly imposed $100,000 fee for new applicants, primarily affecting corporate positions rather than in-store roles [2][3][9] - The company employs approximately 2,390 H-1B visa holders and has historically relied on the H-1B program to meet its workforce needs [3][4] - Despite a revenue growth of 4.8% year over year to $177.4 billion in Q2 of fiscal 2026, Walmart is navigating uncertainty and has withdrawn its earnings guidance due to global market instability [5][6] Company Performance - Walmart's U.S. sales also grew by 4.8% to $121.6 billion in the same quarter, indicating strong performance despite external challenges [5] - The company has invested heavily in expansion through its "Investing in America" plan, which aims to modernize stores and create more domestic jobs, although this has led to an 8.2% decrease in operating income to $0.7 billion [8] Labor Market Context - The U.S. labor market is weakening, with 911,000 fewer jobs added than expected over the past year, and the unemployment rate rising to 4.3%, the highest in nearly four years [10][11] - The hiring rate is low, making it difficult for job seekers, including those affected by Walmart's decision, to find new positions [12][13]