tiprankstipranks
Trending News
More News >

Walmart plans to close Austin, Portland, Carlsbad tech hubs, WSJ reports

Walmart plans to close its tech hubs in Austin, Texas; Portland, Oregon; and Carlsbad, California, and is requiring staff to move and be in the office twice a week to stay employed, The Wall Street Journal’s Sarah Nassauer reports. According to a memo to staff last week from Suresh Kumar, Walmart’s global chief technology officer, Walmart will pay for workers in those locations to transfer to other primary offices, and a spokeswoman says the company hopes to relocate most of the workers, and some will be allowed to become full-time remote workers. "We’ve made the decision to focus our tech team’s presencewithin select locations," said the spokeswoman. Kumar also said in the memo that most of Walmart’s global technology workers will need to be in their assigned office at least two days a week. Reference Link

Confident Investing Starts Here:

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on WMT:

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue