WSJ report that Walmart plans to cut around 1,500 jobs

The Wall Street Journal with the report:

• Walmart plans to cut around 1,500 jobs in a restructuring aimed at trimming its expenses and speeding up decision-making.
• Walmart and other retailers have been cutting costs, putting pressure on suppliers, shifting production to other countries and increasing prices to offset the cost of tariffs.
• Last week, Walmart said that it would raise some prices because of tariffs, prompting President Trump to criticize the company.

The Journal is gated, link here for more if you can access it.

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Trump’s blast from last week. Government overseeing private enterprise has been used without success in many communist countries.

This article was written by Eamonn Sheridan at www.forexlive.com.