Walmart cuts starting pay for new hires who prepare online orders, stock shelves
Publishing timestamp: 2023-09-07 15:23:58
Summary
Walmart has cut starting pay for store employees who stock shelves and prepare online orders. This raises questions about whether companies are facing a cooling labor market or adjusting to pre-pandemic shopping habits. The starting wages for new employees in these roles have been reduced, but no current employees have had their pay cut. Walmart also made changes to pay bands for more experienced employees, resulting in a wage raise for approximately 50,000 store employees. The move comes as Walmart continues to see strong online sales growth but not as dramatic as during the early years of the pandemic.
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Keywords: business news, retail industry, business, macy's inc, breaking news: business, target corp, amazon.com inc, walmart inc,