Walmart announces layoffs amid lower profit forecasts

Walmart confirmed Wednesday it is laying off corporate workers as part of a restructuring process. 

"We’re updating our structure and evolving select roles to provide clarity and better position the company for a strong future," a company spokesperson told FOX Business in a statement. "At the same time, we’re further investing in key areas like eCommerce, technology, health & wellness, supply chain and advertising sales and creating new roles to support our growing number of services for our customers, suppliers and the business community." 

A source familiar with the situation told FOX Business...