Walmart sacks around 50 executives in India restructuring: sources

FILE PHOTO: Walmart’s logo is seen outside one of the stores ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski

NEW DELHI (Reuters) – Walmart Inc (WMT.N), the world’s largest retailer, has fired around 50 of its India executives as part of its restructuring in the country, three sources with direct knowledge told Reuters.

The firings mostly affected executives in the company’s real estate division because the growth in the wholesale model has not been that robust, two of the sources said.

Reporting by Aftab Ahmed and Aditya Kalra; Additional reporting by Bengaluru newsroom; Editing by Lincoln Feast.

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