At its annual investor meeting in Tampa, retail giant Walmart announced that over the next three years, it plans to convert 65 percent of its stores to a model of “automation.”
In addition to laying off about 2,000 factory workers in the shorter term, the $388 billion multi-national corporation is eager to trim many more human employees in the coming years as it switches to a robot service format.
Currently, Walmart employs about 1.7 million people in the United States, along with another 60,000 people elsewhere. The goal is to eliminate as many of these positions as possible in order to replace them with automation, which the company says will increase its profits.
“As the changes are implemented across the business, one of the outcomes is roles that require less physical labor but have a higher rate of pay,” the Bentonville, Ark.-based retailer indicated in a filing.“Over […]
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