May 22 (UPI) -- Walmart has announced plans to lay off 1,500 corporate employees, part of what it calls a restructuring as it weighs plans to raise prices amid Trump administration tariffs.
"We are reshaping some teams in our Global Tech and Walmart U.S. organizations where we have identified opportunities to remove layers and complexity, speed up decision-making, and help associates innovate rapidly," a memo to employees obtained by The Hill Wednesday said.
The memo said the retail giant is eliminating some jobs and creating new ones aimed at building on business priorities and growth strategy.
While Walmart said the corporate restructure is not directly related to the looming tariffs, it has said it is weighing the options of price increases and trying to absorb the tariffs when they are imposed, as it has done with past levies.
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