I heard from a reliable resource there were layoffs occurring in DGTC next week on Wednesday Thursday and Friday. The layoffs will be targeting 75 and higher.
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It continues to happen. It's just quiet and behind the scenes now. Several PM's and Program Mgrs let go over the past 2weeks. There one day, gone the next. With the new acquisition the past weeks, they have to pay for it somehow. Also good luck...as HR will secretly black ball you or interfere if you go to another vendor and they find out. HR did call a vendor and asked if a buddy of mine who was displaced was working there. They did decline to confirm. Reminds me of when they asked all IT associates to disclose if they owned Kmart stock back in the early 2000's. None of your damn business.
All travel for ISD associates next week was cancelled. A telling sign...
Looks like your reliable resource wan't so reliable.
3tnw,
I hope you're wrong about that prophecy. If you're not, we are in for a rough time in Northwest Arkansas. The entire economy is based on Walmart. This place would be a ghost town without them.
Sam rolling in his grave
I appreciate the thoughtful analysis in several of these posts. I believe it correct that WM is being squeezed by the better operators at either end of the retail spectrum. Without more major adjustments, the future will be very rough. Actually, it will be rough regardless.
Here's a telling anecdote...I knew Sam and worked closely with him in developing the first iteration of the Walmart Visitors Center in Bentonville back in 1989-90. Sam was adamant that we not call the WMVC a "museum". I'm paraphrasing, but I vividly recall him noting that museums were for "dinosaur bones." A few years ago the Walmart Visitors Center became the Walmart Museum. I believe Sam's comment was quite prophetic, I'm sad to say.
Aren't they supposed to cut vendors before cutting more associates? Don't see that happening yet.
But there are hardly any project managers and technical experts left to cut
Walmart has a few key issues.
They'll never be able to cut enough headcount or skus to be as efficient (and thus cheap) as Aldi. Their stores are just too big for that sort of efficiency. And their stores are a fixed resource. So that's a big problem for them.
If it were me, I would pare back apparel and home to basic goods and ensure there are no logos on any of it. I'd expand food and carry more assortment but make it case stocked.
And I'd stop trying to be high fashion with these acquisitions. It won't work. People who buy fashion brands won't buy brands associated with Walmart. That's just not the way the fashion world works.
Walmart needs the middle class to be healthy again to succeed. With the middle class gone they're getting squeezed by higher end grocery stores that do specialty and shopper experience better than Walmart. And at the low end you have Aldi and Lidl with efficiency that Walmart is structurally unable to match.
Finally with the erosion of incomes and the erosion of the forty hour work week, people are moving away from buying things as a past time and towards frugality and life experiences.
All of these things are bad for Walmart.
The competition (amazon) is shaking up the entire retail landscape. Walmart is getting squeezed by lower cost competitors in the grocery space and Amazon in the e-commerce space. Literally fighting for
Survival. No telling how many people will be have to be laid off.
Why don't you believe this is true?
If you are a project manager or program manager in ISD you better have an exit strategy
Pay grade 75. Technical expert senior manager project manager type roles
What does 75 mean?
I don't think that's true...
Wow. The cuts continue...