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According to the Wall Street Journal, Walmart plans to lay off hundreds of corporate employees and relocate others in an effort to streamline its operations. The layoffs are expected to occur over the next few months and will primarily affect employees in the company’s merchandising, finance, and human resources departments. Walmart’s goal is to become more agile and efficient in the face of increasing competition from online retailers.

Source: https://www.reuters.com/business/retail-consumer/walmart-lay-off-hundreds-corporate-staff-relocate-others-wsj-reports-2024-05-14/

In a move to streamline operations and focus on profitability, discount retailers Family Dollar and 99 Cents Only have announced plans to close hundreds of stores across the United States. The decision comes as both companies face increased competition from online retailers and larger discount chains. While the closures will result in job losses, the companies hope that the move will ultimately lead to a stronger and more sustainable business model. Customers can expect to see changes in store locations and product offerings as the companies work to adapt to the evolving retail landscape.

Read more at: https://www.cnn.com/2024/04/11/business/family-dollar-99-cents-only-closing/index.html

Rite Aid, one of the largest drugstore chains in the United States, has announced plans to close 18 stores in California as part of a larger effort to streamline operations and improve financial performance. The closures, which will take place over the next several months, are expected to affect both urban and rural areas in the state. This decision comes after the company reported a net loss of $99.3 million in the first quarter of 2019 and follows a previous round of store closures in 2018. Rite Aid has not yet disclosed which specific locations will be affected by the closures.

Read more at: https://ktla.com/news/california/rite-aid-announces-more-store-closures-including-18-in-california/

In a rare public statement, Alibaba co-founder Jack Ma expressed his support for the company’s latest overhaul plan, which aims to streamline operations and improve efficiency. The plan, announced by CEO Daniel Zhang, includes merging some of Alibaba’s business units and creating a new division focused on cloud computing. Ma praised the move as a necessary step for the company’s continued growth and success in the highly competitive tech industry. The overhaul comes as Alibaba faces increased scrutiny from Chinese regulators and a slowing economy. Ma’s endorsement is seen as a vote of confidence in the company’s leadership and strategy.

Read more at: https://www.bloomberg.com/news/articles/2024-04-10/jack-ma-cheers-alibaba-s-latest-overhaul-plan-in-rare-missive