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Walmart Layoffs 2024: What to Know About the Latest WMT Job Cuts

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

The United States’ largest private sector employer is about to get smaller. Walmart (NYSE: WMT ) stock is down today following news that massive job cuts are coming.

The big box retailer has announced that it will be slashing hundreds of jobs, mostly on its corporate side. The Walmart layoffs aren’t the only part of this restructuring endeavor, though. On top of that, the company is asking its remote workers to return to the office for most of the work week. For some, this involves relocating to cities with Walmart corporate hubs.

Layoffs don’t always negatively impact share prices, but in this case, the market is not reacting well to Walmart’s news.

What to Know About the Walmart Layoffs

The exact number of corporate employees whose jobs will be eliminated hasn’t been released yet. And while “hundreds” of job cuts could still be a small percentage for an employer as big as Walmart, investors should be careful to see the big picture when it comes to these layoffs. WMT stock plunged as trading began today and hasn’t rebounded, demonstrating that the market isn’t reacting well to the news.

This isn’t surprising, given Walmart’s clear motive to restructure. That said, the company seems to be either laying off its staff members or asking a lot of them. As the Wall Street Journal reports :

“[Workers] in small offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs like Walmart’s corporate headquarters in Bentonville, Ark., as well as Hoboken, N.J., or Northern California, said one of the people familiar with the matter. Walmart will still allow staff to work remotely part of the time, as long as they are in offices the majority of the time.”

Part of the problems WMT stock is facing today could be due to general market volatility. But even so, it has been a difficult trading month, with shares barely remaining in the green. A few weeks ago, news of a massive ground beef recall posed problems for the company and other retailers. Now, news of the Walmart layoffs is clearly casting doubt on the company’s growth products. While shares will likely recover in the long run, this clearly isn’t an instance of job cuts benefitting a stock.

On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines .

Samuel O’Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O’Brient writes a weekly column on recent political news that investors should be following.

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The post Walmart Layoffs 2024: What to Know About the Latest WMT Job Cuts appeared first on InvestorPlace .

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Job description market researcher in canada, description.

• Requirements
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Find out what work is like for a market researcher in Canada. This work description is applicable to all Business development officers and marketing researchers and consultants (NOC 41402).

Business development officers and market researchers and analysts

Business development officers and market researchers and analysts conduct research, provide statistical and analytical supports, identify market trends and potential opportunities, formulate policies and manage programs to stimulate industrial and commercial business investment or tourism in urban and rural areas, or to promote commercial or industrial products and services. They are employed by government departments, international organizations, marketing and analytics firms and business associations or may be self-employed.

Work week duration

Here are some of the main activities and tasks that Business development officers and market researchers and analysts have to perform, and some of the physical demands they involve:

• Develop policies and administer programs to promote industrial and commercial business investment in urban and rural areas
• Design market research questionnaires
• Conduct social or economic surveys on local, regional or national areas to assess development potential and future trends
• Plan development projects and coordinate activities with representatives of a wide variety of industrial and commercial enterprises, community and business associations and government agencies
• Assess business opportunities and develop strategies to attract venture capital
• Respond to enquiries from members of the business community and general public concerning development opportunities
• Review and evaluate commercial or industrial development proposals and provide advice on procedures and requirements for government approval
• Conduct surveys and analyze data on the buying habits and preferences of wholesale or retail consumers
• Evaluate customer service and store environments
• Conduct research on consumers, competitors and the market place to identify trends to optimize marketing strategies for industrial and commercial products
• Analyze promotional and marketing campaigns to identify improvements
• Develop social and economic profiles of urban and rural areas to encourage industrial and commercial investment and development.
• Prepare reports, research papers, educational texts or articles
• Develop and apply E-commerce strategies
• Provide consultation on planning and starting of new businesses.

Physical demands Help - Physical Demands

Physical demands, workplaces and employers.

Here are the typical workplaces where Business development officers and market researchers and analysts are employed and some of their main characteristics:

• Self-employment
• International organizations
• Marketing firms
• Government departments
• Business associations

Work environment Help - Physical Work Environment

• Indoors, environmentally controlled

Physical proximity from others Help - Physical proximity from others

• Somewhat close (e.g. share office)

Work environment

Physical proximity from others, related job titles.

Here are some other related job titles that are found in the same occupational category (NOC 41402), and a list of similar occupations:

• business development officer
• community economic development consultant
• economic development officer
• industrial development officer
• market researcher
• marketing analyst
• marketing researcher
• regional development analyst
• tourism development officer
• tourism industry consultant

Similar occupations Help - Similar occupations

Similar occupations.

• Urban and land use planners
• Other financial officers
• Government managers - economic analysis, policy development and program administration
• Advertising, marketing and public relations managers
• Social policy researchers, consultants and program officers
• Financial and investment analysts
• Economists and economic policy researchers and analysts
• Professional occupations in advertising, marketing and public relations

Sources Occupational and Skills Information System & National Occupational Classification

This global market expert feels India's RBI may cut interest rates in August before the US Fed

Danielle dimartino booth, ceo and chief strategist at qi research says a us fed rate cut is unlikely until september as it awaits further evidence that increases in the us unemployment rate will persist..