Walmart’s Merger of Online and Retail Stores Means Layoffs Are Looming

Walmart (NYSE: WMT) continues to streamline its operations as it moves to merge its online business with its U.S. stores. Without a growing physical presence, jobs involved in such operations are superfluous, though those who lost jobs will continue to be paid until January, which coincides with Walmart's fiscal year. Walmart spokeswoman Jami Lamontagne confirmed the dismissals to CNBC, saying, "We are continuing on our journey to create an omnichannel organization within our Walmart U.S. business, and we're making some additional changes this week."