According to the Sina US Stock News on the 13th, Beijing time,WalmartIndia subsidiary president and CEO Krish Iyer (Krish Iyer) confirmed on Monday that the company has fired 56 executives, including 8 executives.
Iyer said previous reports that the company will carry out another round of layoffs in April were unfounded.
Earlier on Monday, US media quoted people familiar with the matter as saying that Walmart's Indian subsidiary plans to cut more than 100 executives and plans to carry out a second round of layoffs in April.