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VisitEffect of Walmart's cost-cutting on profitability by end of 2024
Increase in overall profitability • 33%
No significant change in profitability • 33%
Decrease in overall profitability • 34%
Walmart financial reports and major financial news outlets.
Walmart to Shut 51 Health Centers, Cut 1,500 Jobs in Six States
Apr 30, 2024, 12:57 PM
Walmart has announced the closure of all 51 of its health centers and its virtual care services across six states in the United States. The decision, attributed to unsustainable rising costs and challenging reimbursement rates, marks the end of the retail giant's attempt to integrate healthcare services into its stores. The closures will affect operations and result in approximately 1,500 job cuts. Walmart has not provided specific dates for the closures but plans to release more information soon.
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