- Walmart Inc (NYSE:WMT) plans to lay off workers at five U.S. e-commerce fulfillment centers.
- The workers are being asked to find jobs within 90 days at other company locations, reported Reuters.
- The centers include Pedricktown, New Jersey; Fort Worth, Texas; Chino, California; Davenport, Florida; and Bethlehem, Pennsylvania.
- The move was made after the centers experienced a reduction or elimination in evening and weekend shifts.
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- “We recently adjusted staffing levels to better prepare for the future needs of customers,” the report quoted Walmart.
- The report further noted the impacted workers would be paid for 90 days to find jobs at other facilities, including those in Joliet, Illinois, and Lancaster, Texas, where the company has opened up new high-tech e-commerce distribution centers.
- Price Action: WMT shares are trading lower by 0.38% at $140.11 in premarket on the last check Friday.
Piper Sandler Reiterates Overweight on EPAM Sys, Maintains $391 Price Target
Piper Sandler analyst Arvind Ramnani reiterates EPAM Sys (NYSE:EPAM) with a Overweight and maintains $391 price target.
