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Walmart U.S. is reportedly laying off about 200 corporate workers, according to multiple sources including Forbes and the Wall Street Journal. This news comes one week after the company cut its quarterly and full-year profit forecasts, saying it was being forced to reduce prices in stores. 

The retailer began notifying employees in its Bentonville, Ark., headquarters and other corporate offices of the restructuring, which affects various departments including merchandising, global technology and real-estate teams, according to reports. 

Read more here.

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