Walmart is closing hundreds of stores and laying off thousands of employees

[AF-Roger]

Walmart is closing 269 stores and laying off thousands of employees.

The move will affect more than 16,000 employees, including 10,000 in the US.

The closings include 154 locations in the US — 102 of which are the company's smallest stores, called Walmart Express, which have been in pilot since 2011.

Walmart is closing the stores to shift resources to Walmart's Supercenters and smaller-format Neighborhood Market stores.

Read more Walmart is closing hundreds of stores and laying off thousands of employees

 

[rz3300]

One of the largest retailers, if not the largest, closing its doors is certainly a concern for many many people out there. I wish I had the numbers right here with me but I am willing to bet that they are one of the largest employers out there, and I am also willing to bet that many of the layoffs will not really be fair to a lot of those workers, just given the size of Walmart and also their reputation. I hope I am wrong and it is just the cynic in me.