(ZEROHEDGE) – Over the next three months, hundreds of workers at five Walmart warehouses handling e-commerce orders will be laid off. This situation could be a worrisome indication that consumers are tapped out.
A Walmart spokesperson told Reuters about 200 warehouse workers in Pedricktown, New Jersey, and hundreds of others at Fort Worth, Texas; Chino, California; Davenport, Florida; and Bethlehem, Pennsylvania locations were asked to find new jobs before summer due to the need to reduce headcount.
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Layoffs at Walmart are considered an indicator of retail trends due to its size in the retail space, and might serve as a warning sign of potential economic turbulence ahead.
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