A Financial Express report says that Walmart is laying off around 100-150 senior to mid-level employees in India. Break-up of its joint venture with Bharti Enterprises and a halt in its expansion plans in India till 2015 seem to have forced the company to re-plan its workforce.
An executive told Financial Express, “The process of handing over the pink slips have begun and is expected to be complete within the next couple of days.” The executive said Walmart India has around 1,100 employees and needs to reduce its workforce in the event of its break-up with Bharti Enterprises and the temporary halt to its expansion plans in India. “The company had hired several employees in anticipation of its expansion plans in the country. With that being on hold, it doesn’t need the extra workforce,” the executive said.
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