Walmart is shrinking its workforce as many retailers plan on roughly flat or declining sales, reports CNBC.
A company spokesperson said that this decision was not made lightly.
"We're working closely with affected associates to help them understand what career options may be available at other Walmart locations," the spokesperson said in a statement.
About 200 workers will be affected at Walmart's southern
Walmart's rival
Walmart anticipates slower sales growth and lower profits in the coming fiscal year.
The company said last month that it expects same-store sales for its US business to grow between 2-2.5 per cent, excluding fuel.
Online sales have continued to grow, though at a slower pace than during the peak of the pandemic.
In its fourth quarter, Walmart delivered strong revenue growth globally with strength in stores and e-commerce. Total revenue was $164 billion, up 7.3 per cent.
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