Thread regarding Walmart layoffs

Accountants & Finance People Layoffs in Charlotte Walmart

There you go!

Retail giant Walmart Inc. will lay off hundreds in Charlotte starting later this year as it outsources its finance and accounting operations.

The retailer filed a Worker Adjustment and Retraining Notification with the N.C. Department of Commerce this week, stating a permanent closure of a Walmart division in Water Ridge will result in about 569 layoffs. Walmart signed a 12-year lease in 2015 to occupy the full 107,545-square-foot building at 2118 Water Ridge Parkway, where it operates several units, including finance and accounting.

The work that was being done in Charlotte is going to be outsourced to Genpact, a professional services firm that opened a digital innovation hub last year in Bentonville, AR, the city where Walmart is headquartered, according to CBJ.

Layoffs in Charlotte are expected to begin in September and continue until early 2020. The article didn’t say how many accounting and finance workers in Charlotte are among the 569 who are being laid off.

A Walmart spokesperson told the CBJ that all impacted employees will get a severance if eligible and a retention payment if they stay on until the end of their transition period. Walmart also will provide resume and skills training, job fairs, and opportunities to apply for other positions within the company.

All employees who are losing their jobs have been notified, the WARN letter states.

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Post ID: @ZC2uekZ

8 replies (most recent on top)

Thousands of employees got the email that was sent out last week. Not to mention the numerous tv outlets reporting it and it being posted on here several times.

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Post ID: @ZC2uekZ-2oit

Been posted a few times already.

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Post ID: @ZC2uekZ-2rnm

Maybe WM could outsource the CEO job?

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Post ID: @ZC2uekZ-2jom

https://talkbusiness.net/2019/06/walmart-to-close-jewelry-distribution-center-in-bentonville-158-jobs-eliminated/

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Post ID: @ZC2uekZ-2aff

Funny how they outsourced invoicing to gss/gbs and now outsourcing it again

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Post ID: @ZC2uekZ-1phw

Walmart is laying off 600 employees in Charlotte starting later this - this is a BPO outsourcing, pure sellout of our finance and accounting operations...

The layoffs are expected to begin in September.

The culling will continue until early 2020...

Work is being transfered to the purveyor of H1B bliss, Genpact - they are getting closer to the HO and just opened a digital innovation hub in Bentonville.

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Post ID: @ZC2uekZ-mxq

https://www.kansas.com/latest-news/article231639318.html

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Post ID: @ZC2uekZ-qui

https://goingconcern.com/layoff-watch-19-walmart-accountants-and-finance-workers-in-charlotte-nc/

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Post ID: @ZC2uekZ-qqa

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