Walmart Announces Layoffs, of Corporate Employees.
The layoffs by the retail giant were first reported by 'The Wall Street Journal' on Aug.
3.
Nearly 200 corporate Walmart employees will be affected.
A Walmart spokesperson confirmed the layoffs in a statement.
[Walmart is] updating our structure and evolving select roles to provide clarity and better position the company for a
strong future, Walmart Spokesperson, via CNN.
The spokesperson also stated the restructuring would lead to the creation of new roles.
The announcement comes days after Walmart warned that its quarterly and fiscal year profits would likely decline.
.
Such a warning is rare for Walmart.
The retail giant has begun marking down prices of clothes and other items due to
an increase in merchandise.
.
While the American job market remains strong.
... consumer behavior has shifted in recent months, in step with the shifting pandemic and rising inflation.
Walmart is only one of several retailers that have reported declining sales.
Both Target and Best Buy have either issued
profit warnings or slashed sales and profit goals.
.
Both Target and Best Buy have either issued
profit warnings or slashed sales and profit goals.
.
Walmart's corporate headquarters are located in Bentonville, AR.
The company is the largest private employer in the U.S. employing close to 1.6 million people
Discover how Walmart, Delta, Starbucks, and other major corporations are reportedly utilizing AI technology to monitor employee communications. Is this the future of workplace surveillance? Learn more about the growing concerns and implications of AI snooping in this eye-opening report.
#AI #AIArt #ArtificialIntelligence #BusinessNews #Walmart #Delta #Starbucks #AITools #CorporateEmployees #Deepfake #Oneindia
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Deadly Storms , Forecast to Cross , 1,000 Miles of the US.
'Newsweek' reports meteorologists have warned
that a life-threatening storm could impact millions of
people across the central United States this week.
On April 23, AccuWeather issued a warning regarding , "one of the most widespread severe
weather events so far in 2024.".
According to AccuWeather, the incoming storm , "will unleash tornadoes, hard-hitting hail
and damaging winds across a dozen states.".
On April 25, the first storm of the system is set
to arrive, closely followed by subsequent storms
expected to last throughout the weekend.
AccuWeather warned the storms are expected to pose a , "significant risk to lives and property.".
All modes of severe weather
are likely with the multiple-day
event in the central U.S, Bernie Rayno, AccuWeather Chief
On-Air Meteorologist, via 'Newsweek'.
Two storms, off the Pacific
coast on Tuesday, will swing
across the West and cause
moisture to surge northward from
the Gulf of Mexico while, at the
same time, temperatures surge, Bernie Rayno, AccuWeather Chief
On-Air Meteorologist, via 'Newsweek'.
'Newsweek' reports that the
states at greatest risk are:, Illinois, Indiana, Iowa, Missouri, Arkansas,
Oklahoma, Kansas, Kentucky, Tennessee,
Mississippi, Louisiana and Texas.
According to AccuWeather, the storm is expected to cross
an estimated 1,000 miles on April 26, passing into
central Texas all the way from southern Minnesota. .
In addition to dangerous storm conditions,
the National Weather Service has warned
that critical fire weather conditions, "will also be present across parts of the
Southwest into the southern High Plains."
Credit: Wibbitz Top Stories Duration: 01:30Published
10 Things You May Not
Know About St. Patrick's Day.
1. The shortest St. Patrick's Day
parade only runs for 98 feet and
takes place in Hot Springs, Arkansas.
2. Saint Patrick’s birth name was actually
Maewyn Succat. He changed it to
Patricius after becoming a priest.
3. Shamrocks are said to have
been used by Saint Patrick as a
metaphor for the Holy Trinity.
4. Corned beef doesn’t actually contain corn.
It's name come from the use
of salt "corns" to cure meat.
5. Saint Patrick famously wore a
light shade of blue, not the traditional
green that is constantly seen.
6. Green became a significant color for
Ireland during its 1641 rebellion. Its importance
then carried over to St. Patrick’s Day.
7. St. Patrick’s Day used to be a strictly
religious and alcohol-free holiday in Ireland.
8. Saint Patrick wasn't actually Irish.
He was born in Britain and kidnapped
by Irish pirates at a young age.
9. In traditional Irish folk tales,
female leprechauns don’t exist.
10. The U.S. has 32 million people of
Irish descent, while Ireland’s total
population is only 4.7 million
Credit: Wibbitz Top Stories Duration: 01:22Published
China Sets Aggressive, Economic Growth , Target for 2024.
Associated Press reports that China has
said it aims to achieve 5% economic growth
in 2024, despite facing many challenges.
Premier Li Qiang outlined plans to boost
China's economy while addressing the annual
session of the National People's Congress.
Premier Li Qiang outlined plans to boost
China's economy while addressing the annual
session of the National People's Congress.
The plan includes increased spending on
developing advanced technology, fortifying
the military and other longstanding goals.
According to Li, the Chineses government
would continue with a "pro-active fiscal
policy and prudent monetary policy.”.
The plan looks to boost growth by issuing
long-term bonds over several years,
beginning with about $139 billion in 2024.
Those bonds would be used to
implement "major national strategies"
and boost security "in key areas.".
The plans also include a "new development model"
aimed at easing a prolonged real estate slump
by building government-subsidized housing.
The foundation for China’s sustained
economic recovery is not yet stable,
with insufficient effective demand,
overcapacity in some industries,
weak social expectations, and still
many risks and hidden dangers, Li Qiang, Chinese Premier, via Associated Press.
The foundation for China’s sustained
economic recovery is not yet stable,
with insufficient effective demand,
overcapacity in some industries,
weak social expectations, and still
many risks and hidden dangers, Li Qiang, Chinese Premier, via Associated Press.
According to a draft budget, an additional
$231 billion would be set aside for defense
spending, representing a 7.2% increase from 2023. .
According to a draft budget, an additional
$231 billion would be set aside for defense
spending, representing a 7.2% increase from 2023. .
The underlying trend of economic
recovery and long-term growth
remains unchanged and will not
change. So we must be more confident
and more assured of ourselves, Li Qiang, Chinese Premier, via Associated Press
Credit: Wibbitz Top Stories Duration: 01:31Published
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