Many companies have aggressively hired workers over the past two years as incomes rose and demand stored to new highs. However, with inflation cutting into purchasing power, general uncertainty in the market, and the Federal Reserve moving up interest rates, some stock prices are starting to fall. While 2022 saw the second-largest increase in new jobs in the history of the country, 2023 could tell a completely different story.
The initial response to these ever-evolving economic conditions from the tech sector was mass layoffs. Now, the world’s largest employer, Walmart, will follow suit by closing down various locations to cut costs and improve its financial performance.
Related story:
Complete list of Walmart supermarkets that will close in 2023 in each state
According to a statement issued by the company, the locations that close are those that have had a “lower-than-expected performance.” The multinational warehouse corporation did not provide further details.
States affected by this decision include Arkansas, Georgia, Florida, Hawaii, Illinois, Indiana, Minnesota, New Mexico, Oregon, Texas, Washington, Wisconsin, and the District of Columbia.
Below is the complete list with the branches that close in each of the mentioned states:
Arkansas
D.C.
Georgia
Florida
Hawaii
Illinois
Indiana
Minnesota
New Mexico
Oregon
Texas
Washington
Wisconsin
"complete" - Google News
May 07, 2023 at 11:20PM
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Complete list of Walmart supermarkets that will close in 2023 in each state - AS USA
"complete" - Google News
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