Walmart Inc (NYSE:WMT, ETR:WMT) intends to lay off hundreds of its corporate staff and ask some workers to relocate to its central hubs, according to a report from the Wall Street Journal.
Per the report, which cited people with knowledge of the matter, the supermarket giant is asking workers at its smaller Dallas, Atlanta and Toronto offices to relocate to its central hubs in Bentonville, Arkansas, Hoboken in New Jersey or California.
The company will reportedly let staff work remotely part-time, provided they spend the majority of their time in the office.
Walmart declined requests for comment on the report.
This comes as the supermarket chain aims to cut costs amid weak consumer spending. Last month it announced it would be closing its health clinics and its virtual health care operations and it has signalled that two-thirds of its stores will be serviced by automation by the end of fiscal 2026.
Shares of Walmart traded down 1.2% at $59.67 late morning on Tuesday.
It is due to report its first quarter financial results on Thursday.