Walmart automation could signal further lay-offs
The announcement comes at a time when the US retail giant has laid off over 2,000 lay-offs at its online orders processing centres. The company is increasingly using its huge stores to handle online order deliveries and investing in automation to expedite order processing at its e-commerce processing facilities.
Walmart also stated that about 55% of the packages it processes at its processing centres will be routed through automated facilities by the end of 2026, with the aim of improving unit cost averages by about 20%.
Walmart forecasts net sales to increase by 2.5%-3% for the fiscal year ending January 31, 2024.