More than 1,000 people will be let go from a warehouse in Fort Worth, Tex., as will 600 people at a Pennsylvania fulfillment center; 40 people at a Florida warehouse; and 200 people in New Jersey, regulatory filings show. Additional reductions are also planned in California.
On March 23, hundreds of workers at five e-commerce fulfillment facilities were informed that they will need to find new jobs within the next 90 days at other company locations. The news came not long after Walmart announced that it will also be closing five of its big box stores as well as its last two remaining pickup-only locations.
According to Walmart, revenues are down, which means jobs have to go and stores need to close. Every year, Walmart closes a handful of stores across the country, with this year's closures slated for locations in Illinois, Wisconsin, New Mexico, Florida, and Arkansas.
A total of 12 additional Walmart stores across nine states – this in addition to its two remaining locations in Portland – will close this year, the company announced. These include:
Portland: 1123 N Hayden Meadows Drive
Portland: 4200 SE 82nd Avenue
Washington, D.C.: 99 H St. NW
South Bend: 3701 Portage Road
Brooklyn Center: 1200 Shingle Creek Crossing
Honolulu: 1032 Fort Street Mall
Everett: 11400 Highway 99
Homewood: 17550 S. Halstead Street
Plainfield: 12690 S. Route 59
Pinellas Park: 6900 US Highway 19 N.
Albuquerque: 301 San Mateo Boulevard SE
Milwaukee: West Silver Spring Drive
Lincolnwood: 6840 N. McCormick Boulevard
Bentonville: 406 S Walton Blvd
(Related: McDonald's just "temporarily" closed its corporate offices and told everyone to work from home as the company announces a new round of layoffs.)
Walmart and McDonald's are not the only two stores making these kinds of changes. Numerous other brands, including Bed Bath & Beyond, Foot Locker, Burger King, Big Lots, Macy's, Gap, JCPenney, Tuesday Morning, and Party City are also shuttering lower-performing stores to tighten their balance sheets.
All in all, each of these chains is closing the following number of stores this year:
Bed Bath & Beyond: 416
Tuesday Morning: 265
Party City: 22
Big Lots: 7
The RealReal: 6
Then we have Amazon, the predatory retail giant that announced the closure of several Fresh grocery and Go convenience stores this year. The Orwellian shopping experience at these two Amazon concept stores is apparently unappealing to the average American who would rather shop elsewhere.
Severe inflation is driving many of these cost-cutting measures as many Americans are having to buy a lot fewer things this year just to make ends meet. An analysis from late last year showed that American households are having to spend an additional $433 per month just to buy the same things they were buying in the past before inflation took hold.
"I hate shopping there. The cashiers are miserable," wrote one commenter about what it feels like to shop at an average Walmart store.
"I'm afraid to order from them," wrote another. "I used to buy groceries there, about $150 an order. Then when I checked my credit card bill one time, I had a $5 bill entered every day for a month! Somebody was buying their lunch on my card, so I had to report it to the credit card company and get a new card!"
Another person noted that clearly the Biden jobs report is a lie, seeing as how the currently occupying White House regime is insistent that the United States is doing just fine and is not in a recession, let alone a depression.
The latest news about the implosion of the American economy can be found at Collapse.news.
Sources for this article include: