What’s left of my optimism is waning
From the press release:
We expect the changes to impact approximately 700-800 Home Office positions including merchandising, real estate, marketing and support divisions in Walmart U.S., Sam’s Club merchandising and some corporate functions. The restructuring will not impact store and club operations.
Putting aside the measurable effects, the psychological effects of Wal-Mart, our perceived bulwark against economic downturn, laying off people will be significant on our local real estate market.