Investing.com -- Walmart (NYSE: WMT ) has announced plans to reduce its workforce by about 1,500 positions as part of a restructuring effort, according to The Wall Street Journal. The move is designed to streamline expenses and expedite decision-making processes within the company.

Cost-cutting measures have become commonplace among retailers, including Walmart, who have been pressuring suppliers, relocating production to different countries, and raising prices to counterbalance tariff costs. Last week, Walmart revealed plans to increase some prices due to tariffs, a move which drew criticism from President Trump.

The planned job cuts are expected to be announced as early as Wednesday and will impact various sectors within the company. These include global technology operations, e-commerce fulfillment in U.S. stores, and Walmart Connect, the company’s advertising business. This information comes from an individual familiar with the situation, who also revealed that new roles would be introduced that are more closely aligned with Walmart’s future objectives.

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