From Epoch Times

Walmart Laying off Corporate Employees in Sign of Slowing Job Market

Retail giant Walmart announced corporate layoffs this week, suggesting that the labor market could be slowing down as fears of a recession mount.

“We’re updating our structure and evolving select roles to provide clarity and better position the company for a strong future,” a company spokesperson told FOX Business in a statement.

The retailer noted, however, that it is still investing in and adding jobs in key areas, including advertising, technology, and its supply chain.

“At the same time, we’re further investing in key areas like eCommerce, technology, health and wellness, supply chain, and advertising sales, and creating new roles to support our growing number of services for our customers, suppliers, and the business community,” the spokesperson said.