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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

Topics
Walmart | Walmart India | Krish Iyer

Viveat Susan Pinto  |  Mumbai 



Walmart
Only eight were senior executives, says CEO Krish Iyer

The world’s largest retailer 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 to rejig operations. The employees laid off included eight senior executives and 48 mid and junior executives, India’s President and Chief Executive Officer said, representing 1 per cent of its total workforce of 5,391 people in the country.

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First Published: Mon, January 13 2020. 21:23 IST

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