Walmart Canada may cut about 200 staff, most of whom work at its Mississauga head office, according to a report from the Globe and Mail. The company is doing this to offset pressure in the highly competitive retail space, according to industry analysts. The company is expected to announce this latest staffing change next week.
This move comes only months after cutting 750 jobs across Canada, promoting 1,300 employees to more senior managers and hiring about 200 new store managers as part of store management restructuring.
While Walmart Canada has experienced disappointing numbers over the last several quarters, its most recent quarter saw an increase in gross profit and same-store sales. According to the company, overall sales grew by 3.3 per cent.
“I’m especially pleased by the sales and profit improvements this quarter in Canada, both sequentially and over last year,” said CEO Doug McMillon in his third-quarter management conference call. “The investments we’ve made to remodel our stores and drive supercentre expansion are resonating with customers.”
