Walmart expects high inflation to continue to squeeze its business this year as the retail giant begins a push to automate 65% of its workforce by 2026.
within three years. By that time, about 55% of fulfillment center volume would move through automated facilities, the company said. Together, the moves are expected to lower average unit costs by roughly 20%.
A worker stocks the shelves of a Walmart store in the Uptown Mall in Victoria, British Columbia, Canada, on July 26, 2022. "Over time, the company anticipates increased throughput per person, due to the automation while maintaining or even increasing its number of associates as new roles are created," the company said in a statement.
Walmart is in the process of laying off more than 2,000 employees at five warehouses in the U.S. that fulfill website orders, according to regulatory filings. In a statement, the company said the decision was not "made lightly" and that it is "working closely with affected associates to help them understand what career options may be available at other Walmart locations."
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