Many companies have aggressively hired workers over the past two years as incomes rose and demand held to new highs. However, with inflation eroding purchasing power, general market uncertainty and interest rate hikes by the Federal Reserve, some stock prices are starting to fall. While in 2022 the second largest increase in new jobs in the country’s history, 2023 could tell a whole different story.
The first response to these ever-evolving economic conditions from the technology sector was mass layoffs. Now the world’s largest employer, Walmart, will follow suit by closing several locations to cut costs and improve financial performance.
Complete list of Walmart supermarkets that will close in every state in 2023
According to a statement from the company, the locations that are closing are those that performed ‘below expectations’. The multinational warehouse company gave no further details.
States affected by this decision include Arkansas, Georgia, Florida, Hawaii, Illinois, Indiana, Minnesota, New Mexico, Oregon, Texas, Washington, Wisconsin, and the District of Columbia.
Below is the full list of the branches closing in each of the states mentioned: