Walmart is pushing for new growth in the competitive market of the buy-side sector, this time pinpointing a strategy that revolves around new hires. The company announced that it plans to create around 10,000 retail jobs, and an overall total of 34,000 jobs in the U.S. this year through its growth.
"Walmart is investing to better serve customers,” said Dan Bartlett, Walmart Executive Vice President for Corporate Affairs. “With a presence in thousands of communities and a vast supplier network, we know we play an important role in supporting and creating American jobs. Our 2017 plans to grow our business–and our support for innovation in the textile industry–will have a meaningful impact across the country.”
Walmart’s 10,000 new jobs will be in the retailer’s 59 new stores which are planned for the new fiscal year, beginning in February, according to Reuters. Additionally, the jobs will boost the company’s e-commerce services, as Walmart stated on Tuesday, and support around 24,000 construction jobs to make a final number of 34,000 jobs created.
The announcement comes closely after Walmart announced that it planned to cut hundreds of corporate and human resources jobs to streamline its internal operations.
The workforce expansion is congruent with Walmart’s growth of new jobs in previous years. This move will also be part of a previously announced $6.8 billion capital expenditure plan, which includes construction and remodeling of stores and distribution centers, for the fiscal year starting on Feb. 1.
Walmart also said that by July, it would open 160 training academies, adding to the 40 it already has. More than 225,000 workers will receive up to six weeks of specialty training and graduate from the academies in the coming fiscal year, the company said.
Currently, Walmart employs about 1.5 million workers, stated Reuters, and the additional retail jobs would represent less than 1 percent of its total workforce.
Will this hiring spree outline a new strategy for the company as it looks to centralize its corporate struction and focus on expansive growth? Deli Market News will keep you apprised.