Walmart is laying off corporate employees
CNN
Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after the retail giant issued a rare profit warning.
In a statement, Walmart confirmed it is "updating our structure and evolving select roles to provide clarity and better position the company for a strong future."
Walmart, the largest US retailer, noted it is still investing and adding jobs in key areas such as e-commerce, advertising and supply chain.
The US government on Thursday banned internet service providers (ISPs) from meddling in the speeds their customers receive when browsing the web and downloading files, restoring tough rules rescinded during the Trump administration and setting the stage for a major legal battle with the broadband industry.