Walmart To Lay Off Nearly 600 Finance Workers

As Walmart outsources finance and accounting work to New York-based professional services firm Genpact, the retail giant is laying off 569 employees at a corporate office in Charlotte, North Carolina, beginning in September according to a Worker Adjustment and Retraining Notification in that state. A Walmart spokesperson confirmed the move to Retail Dive in an interview and said the Genpact partnership was announced last fall. “This was a difficult decision that affects friends and associates we care about deeply. We appreciate their important contributions, and we’re committed to handling every transition over the next seven months smoothly and respectfully,” she said. “We are maintaining a corporate presence in Charlotte. As our company continues evolving, we’ve said we must strike the right balance between managing the needs of our business, our associates and our customers.” Walmart’s Charlotte office will remain open for its “People Solutions” team, which provides some human resources services like background checks and drug testing for prospective employees and to support a Walmart U.S. regional office, according to the spokesperson. Read more at Retail Dive.