"Walmart Slashes New Hire Pay, Sparks Controversy"

1 min read
Source: The Wall Street Journal
"Walmart Slashes New Hire Pay, Sparks Controversy"
Photo: The Wall Street Journal
TL;DR Summary

Walmart has reduced the starting pay for some new hires, according to a Wall Street Journal exclusive report. The move comes as the retail giant aims to control costs amid rising labor expenses and increased competition for workers. The decision to lower starting wages could potentially impact the company's ability to attract and retain talent in a tight labor market.

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