Thread regarding Walmart layoffs

Yes and how much money was lost in Indonesia? WM was involved with the Clintons in that deal along with the Indonesian government then there was a coup… the ex pats had to charge their plane flights to their personal credit cards to get out before the government threw all the associates in jail… what bafoonery…

Intriguing isn’t it?

Low volume poor performing stores will be cut to keep the stock price stable. Stock is the ultimate motivation at corporate, not customers and not employees, just investors.. Thats how the top brass make money.

As long as Bezo’s is alive, you’ll never be able to top him. He’s got more brains in his head then all the so called “leaders” at WM have put together! WM forgets that e-commerce is Amazon’s CORE business-not just some sideline that they’re trying to make in-roads in. WM was so desperate to grow their online business that they were duped into hiring a conman (that being ML) who preyed on their desperation, all while spending billions on senseless acquisitions!

So is it just me, or does ML seem like a hugely successful con man?

Interesting. So the press is finally getting wise to the fact that Jet was a bad buy.

$3.3B down the drain. But they don’t mention the $16B we frittered away on Flipkart. Now that the Indian government is involved, we might as well have set that money on fire. If you read the newspapers, you will see that apparently Walmart is trying to Get Flipkart ready to IPO. I believe that if they are doing that, it is to spread the loss to some poor unintelligent investors.

$16B dollars...and what is there to show for it? They didn’t count on other countries actually protecting their citizens and the customers.

Look at the ASDA deal. They were getting hammered by Aldi and Lidl over there. They tried that merger and the British government stepped in and stopped it.

And I believe that Walmart has sold off several other non performing international business units, too.

Now they are allegedly going to have to sell off some of the bad online companies they bought.

International and Dotcom seems like a disaster right now. I think it’s darn near criminal how much money the company has allowed to be wasted.

And just wait. I would be willing to bet good money that almost all of Walmart’s online growth has come from online grocery pickup. That’s just an extension of the STORE business....not dotcom. And is OGP even profitable?

To me, Walmart has wasted boatloads of money on international and dotcom, but it has very little to show for it. All along they should have been investing in their US STORE business instead of strip mining it and making the associate/customer experience worse in order to try to keep up with the Bezos’s.

But all this is just my opinion.

Like many WM Execs, his whole life was based on lies and deceit.