Walmart fires 56 executives in India as part of restructuring scheme ...News

The world’s largest retailer, Walmart, has laid off about a third of the executives at its Indian headquarters in Gurgaon as it struggles to boost its business in the country. The company fired a total of 56 people, including eight with senior management positions and others in middle and lower management, Krish Iyer, the president and CEO of Walmart India, said in a statement released to the media on Monday. The cuts reportedly amount to around one percent of the total staff working for the company in India. Read more Banks make biggest layoffs since 2015 & may continue to d

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