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Yahoo Finance Live discusses a report that Walmart will be laying off hundreds of fulfillment center employees as the retail giant explores integrating automation into its business practices.
As a money-conscious consumer, you might shop at Walmart. Since the retailer has a reputation for low prices, you probably feel like it's safe to assume the store offers the lowest price on everything...
NEW YORK (Reuters) -Hundreds of workers at five U.S. Walmart facilities that fulfill e-commerce orders are being asked to find jobs within 90 days at other company locations, a spokesperson confirmed to Reuters. About 200 workers at Pedricktown, New Jersey, and hundreds of others at Fort Worth, Texas; Chino, California; Davenport, Florida; and Bethlehem, Pennsylvania were let go due to a reduction or elimination in evening and weekend shifts, the spokesperson said. The layoffs at Walmart, a retail bellwether because of its size, could be a harbinger of further turmoil in the U.S. economy, which many economists predict could enter recession this year.