Walmart India lays off 56 employees in corporate restructuring exercise

The employees laid off include those in real estate and sourcing, industry sources said, as Walmart increasingly focuses on its online operations in India

Viveat Susan Pinto | Mumbai
Last Updated at January 13, 2020 21:25 IST

Only eight were senior executives, says CEO Krish Iyer

The world’s largest retailer Walmart has handed pink slips to 56 employees at its India corporate office located in Gurugram, it said on Monday, as slowing consumer spends force retail companies to rejig operations. The employees laid off included eight senior executives and 48 mid and junior executives, Walmart India’s President and Chief Executive Officer Krish Iyer said, representing 1 per cent of its total workforce of 5,391 people in the country.

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