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00:02Walmart said Tuesday it will cut or relocate about 1,000 corporate workers as the retailer
00:08combines more of its global technology and product teams, according to the Wall Street Journal.
00:13The changes follow Walmart's hiring of former Instacart executive Daniel Danker last summer
00:18to lead global AI acceleration. Danker and Walmart's global technology head, Suresh Kumar,
00:25reviewed internal structures and said some teams were working on similar problems,
00:29according to a memo. Walmart said affected employees can apply for open roles within the
00:35company. Many workers were asked to relocate to Bentonville, Arkansas, or Northern California
00:40offices. A spokesperson said the changes are tied to organizational alignment and not replacing
00:47workers with artificial intelligence. For all things money, visit Benzinga.com.
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