Now that the numbers are up again and continuing to grow, does that mean there'll be no more layoffs for a while? Is that too much to hope for? I know there are other factors that are also part of determining if layoffs are coming, but I think this is probably the main one.
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No. No more big layoffs until Mar/Apr. The current round is just about over, there’s a few final areas to be completed but those areas are just a few here and there.
However, expect to see performance related reductions increase fairly dramatically. Anyone in ISD that has a bad rating anytime in the last 4 rating periods has good reason to be nervous.
Thinks are not great on Financials and replenishment had some layoffs last week. With the Financials they are projecting profit to be down between 9 and 11 percent. Unit sales are down as well. We are over inventory on slow selling products which means more markdowns and bigger hits to sales and profit. We'll see what
Not in the next 6 months. Walmart won’t do a potential WARN event until after FY22 is over on Jan 31st. This doesn’t mean there won’t be reductions. You can expect reductions related to performance to continue, maybe even become more aggressive, especially with mid-year reviews just about in the bag. Performance related reductions do not trigger the WARN process.
Of course the sales are inflation adjusted because everything involved with WMT is above board. Hate to think of inflation adjusted sales. Layoffs are being planned.
Numbers are up because they are cleaning the closet ofoverstock. Once they have to repurchase to replenish at a higher rate things may change. Everything is speculation.