As it looks to increase operational efficiency, Walmart announced that it will be cutting around 1,500 corporate jobs.
The layoffs will mainly impact the Walmart Global Tech division, its Walmart Connect advertising business, and its ecommerce fulfillment team for U.S. stores.
In a memo sent to employees and viewed by Reuters, the company said that in order to “accelerate our progress delivering the experiences that will define the future of retail, we must sharpen our focus.”
The retailer added that it wanted to do away with layers and complexity, accelerate decision-making, and help its employees innovate rapidly.
Walmart, which earned $4.4 billion during its most recent quarter, has around 1.6 million employees, making it the nation’s largest private retailer.
Based in Bentonville, Ark., Walmart also expects to raise prices on most of its products as a result of the recent tariffs imposed by the administration of President Donald Trump.
The company said 60% of its imports—which include items such as clothing, electronics, and toys—come from China.
