BusinessWalmart Fires 56 India Executives Including 8 From Senior Management
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Walmart Fires 56 India Executives Including 8 From Senior Management
Walmart is restructuring its India business amid high competition
Looking for ways to operate more efficiently, says US-based Walmart
In 2018, Walmart completed acquisition of Flipkart in $16-billion deal
Walmart said it keeps looking for ways to operate more effectively
“Walmart remains committed to growing its B2B Cash & Carry business in India,” Mr Iyer said in an emailed statement. He also said the company keeps looking for ways to operate more effectively.
All the 56 associates have been offered enhanced severance benefits and outplacement services to support their transition, Mr Iyer added.
Walmart has recently made significant investments in its brick-and-mortar stores and e-commerce.
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