Walmart NYSE: WMT signed a year lease in to occupy the full ,square-foot building at Water Ridge Parkway, where it operates several units, including finance and accounting.
The work done by the affected divisions are being outsourced to Genpact NYSE: G , a professional services firm that last year opened a digital innovation hub in Bentonville, Arkansas, Walmart's headquarters city. A news release from Genpact in November said the company was working with Walmart "to transform its finance and accounting back-office operations. Layoffs in Charlotte are expected to begin in September and continue until early Walmart submitted a statement to the Charlotte Business Journal regarding the layoffs:.
Robyn Babbitt , a spokeswoman for Walmart, said several corporate jobs will remain in Charlotte and at Water Ridge. A people services division as well as a regional office for Walmart also operate out of the Water Ridge building.
We look forward to partnering together to help the area become a digital transformation talent leader for the industry. She said Genpact is a global company with 70 locations from New York to New Delhi employing about 80, Genpact said it will develop solutions at its new digital innovation hub that allow companies faster access to data so they may make faster strategic business decisions.
This new relationship should help retail and consumer goods clients drive growth, improve customers service and streamline processed by leveraging robotic process automation, machine learning, predictive analytics, artificial intelligence such as natural language understanding, and other digital technologies. With the move, the retailer said U. It will focus the effort on buying more materials and merchandise from domestic manufacturers, including plastics, textiles, pharmaceutical and medical supplies, food processing, and small electrical appliances.
As the world's largest retailer by revenue, Walmart has faced criticism from labor advocates and others for driving down prices in a way that pushes more manufacturing and jobs overseas. Wednesday's announcement represents a step up from that commitment. Over the past several years, Walmart has created new ways for American suppliers to get picked up by its stores and website, including an annual Open Call event where small businesses can pitch their products.
It also created a website where Walmart suppliers can learn about how to bring back their operations to the U. However, the company has faced scrutiny, too. Federal Trade Commission and a watchdog group found the items were not U.
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