Straits Times Index
3,212.64 -6.36 (-0.20%) Nikkei
27,385.25 -34.36 (-0.13%) Hang Seng
19,915.68 -133.96 (-0.67%) FTSE 100
7,405.45 -94.15 (-1.26%) Bitcoin USD
27,705.47 -580.44 (-2.05%) CMC Crypto 200
603.78 -14.61 (-2.36%)
WMT Jun 2023 105.000 call
- Yahoo Finance Video
Walmart laying off hundreds of fulfillment center employees
Yahoo Finance Live discusses a report that Walmart will be laying off hundreds of fulfillment center employees as the retail giant explores integrating automation into its business practices.
- Reuters
Exclusive-Walmart laying off hundreds of US workers at five e-commerce fulfillment centers
NEW YORK (Reuters) -Hundreds of workers at five U.S. Walmart facilities that fulfill e-commerce orders are being asked to find jobs within 90 days at other company locations, a spokesperson confirmed to Reuters. About 200 workers at Pedricktown, New Jersey, and hundreds of others at Fort Worth, Texas; Chino, California; Davenport, Florida; and Bethlehem, Pennsylvania were let go due to a reduction or elimination in evening and weekend shifts, the spokesperson said. The layoffs at Walmart, a retail bellwether because of its size, could be a harbinger of further turmoil in the U.S. economy, which many economists predict could enter recession this year.
- Motley Fool
Is This Stock the Ultimate Recession-Proof Buy?
Discount retailer Dollar General (NYSE: DG) is what some might call a boring business. Not only could this continue, but Dollar General could be one of the best stocks to hold in your portfolio during a recession, something 6-in-10 economists believe could happen in the next year. It turns out that the company's Dollar General brand is quite misleading when you look at the company's financials.
