New York
CNN
—
Walmart, America’s largest private employer, is paying some new hires less than it would have earlier in the year in a sign of a cooling labor market.
Walmart reduced starting pay by about $1 for new hires who prepare online orders for curbside pickup or delivery to customers’ homes, and those who restock store shelves beginning in mid-July. The pay change did not apply to any existing employees.
The company did not say how many hires were impacted by the change. The Wall Street Journal first reported the news of Walmart’s pay cut.
Walmart’s starting pay ranges from $14 to $19 depending on the store and local market. The company has raised wages in recent years to attract and retain hourly workers in a tight labor market.
www.cnn.com/2023/09/08/business/walmart-pay-workers/index.html