In a memo to staff, executives said roles in the global tech team would be cut to simplify its structure and "facilitate speed and innovation."

Walmart is set to eliminate approximately 1,500 corporate positions as part of a restructuring effort aimed at streamlining operations and cutting expenses. The job cuts will affect various divisions,

Shoppers are girding themselves for Walmart prices to rise in the coming weeks. But which products will actually get higher price tags?

Although it's up 50% over the past 12 months, Walmart's P/E multiple is significantly lower than Costco's. And by focusing on essentials while also having strong growth opportunities ahead in multiple areas, it can make for the better buy in both the short and long terms.

The layoffs have sparked a debate over the H1B visa program, with accusations of Walmart replacing American jobs with foreign workers, particularly from India.