retail news in context, analysis with attitude

Reuters reports this morning that Walmart "is planning to lay off hundreds of people at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, people familiar with the matter said.

"Fewer than 500 employees are expected to lose their jobs and an announcement could be made as early as this Friday ... The cuts will make up a small portion of the more than 18,000 people employed at the Bentonville, Arkansas office but fit in with a streamlining effort that has been flagged by Chief Executive Doug McMillon in recent months."
KC's View:
The reports of these layoffs started emerging about a week ago, and seem keyed to CEO Doug McMillon's focus on stores, illustrated when he commented that "there are no cash registers in the home office."

The question is whether these are all the layoffs, or just the beginning of a protracted campaign meant to generate more profits.