Walmart wants to scale down presence in India
Walmart has fired some of the top India executives and will continue to cut more
13 January 2020 - 10:45
Mumbai — Walmart has fired some of the top India executives and plans to pare its presence in the country, said a local media report.
The world’s largest retailer is looking to halt new-store expansion in India and will continue to cut staff, said The Economic Times, citing unidentified people familiar with the matter. The executives already sacked include vice-presidents across sourcing, agri-business and fast-moving consumer goods, and the real estate team responsible for finding new store locations has been disbanded, said the report...
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