We're following a big story out of northwest Arkansas that's
making national and even international headlines.
So the Wall Street Journal reports Bentonville based Walmart laying
off hundreds of workers and restructuring in some areas.
We have 4029 Chip Scarborough live in The Newsroom to
explain what we've learned so far Chip Brandon Allison The
Wall Street Journal says corporate workers among the hundreds being
laid off by the Bentonville based retailer.
The Journal reports the company is closing smaller offices in
Dallas,
Atlanta and Toronto. Asking those workers to move to central
hubs in either Bentonville,
Hoboken, NJ, or Northern California.
Of course, this all comes right as Walmart is building
a new state-of-the-art Home Office in Bentonville.
I spoke to the chief economist and state economic forecaster
at the Arkansas Economic Development Institute at EU of A
in Little Rock about what all this means.
This is certainly not scaling back in order to save
the business from disaster.
I know this is clearly just a consolidation and a
reprioritization.
Of some of their administrative functions.
And the Wall Street Journal also says that most remote
workers will have until July to decide whether to move
to a hub or leave the company.
4029 News reached out to Walmart corporate first thing this
morning For more information,
and we are waiting to hear back live in The
Newsroom.
Chip Scarborough, 4029 News.