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Laid-Off Walmart Employees Write To US HQ Over Downsizing


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The laid-off employees told ET that they have written to Walmart HQ in the US both as a group and individually, calling the layoffs as unfair and unrelated to the performance.
The former employees also noted that Walmart went ahead with the layoff process despite giving an assurance of job security in December 2019.
An earlier report said Walmart is planning to layoff more employees in May and shut down its fulfilment centre in Mumbai.
Walmart, in its statement after the layoffs, noted “Walmart remains committed to growing its B2B cash & carry business in India.
As per regulatory filings, Walmart India registered a net loss of INR 172 Cr for the financial year 2019, compared to FY18 its losses have almost doubled. | To read full story, visit https://startuparound.com/read/1580094006.5124185/Laid-Off-Walmart-Employees-Write-To-US-HQ-Over-Downsizing?ref=audio_experience
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