However, later in 2019, Walmart made some cuts to its workforce, laying off employees in various departments.
Unfortunately, the COVID-19 pandemic hit in 2020, causing economic uncertainty and forcing many businesses to make difficult decisions. Walmart was not exempt from this, and in 2021, the company announced some cost-cutting measures, including reducing the number of hours worked by some employees.
In September 2023, Walmart cut starting pay by about $1 for new hires who prepare online orders for curbside pickup or delivery to customers’ homes, and those who restock store shelves .
Walmart is gearing up to implement significant changes in employee compensation in 2024. As one of the largest employers globally, Walmart’s decisions on pay have far-reaching implications, and the upcoming pay raise has generated substantial buzz.