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The Independent UK
The Independent UK
National
Andrea Blanco

Walmart is cutting 200 corporate jobs as profits fall with inflation

Copyright 2021 The Associated Press. All rights reserved.

Walmart is cutting more than 200 corporate jobs as inflation puts strain on the company’s bottom line.

The Wall Street Journal first reported on the measure on Wednesday. Walmart, the largest employer in the US, said that Americans are tightening their belts on general merchandise to cover necessities like groceries amid spiking inflation, largely affecting profit.

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