Walmart will hire 700 more employees as part to boost its workforce, the company announced today.
The move follows the closure of several retail stores across the country, including in California.
Walmart’s new hires will be part of the company’s planned workforce expansion.
The company has said it will hire 1,500 to 1,800 new employees during its fiscal year 2019, which ends in December 2019.
More than 3 million workers are employed in Walmart stores worldwide.
Walmart employs more than 4.7 million people globally.
The company’s decision comes as the US economy continues to tighten.
According to a Reuters/Ipsos poll released last week, 46 percent of respondents said they would consider staying at their current jobs while a full 53 percent of workers said they were considering leaving the industry.
The report said Walmart had seen “a sharp slowdown in job growth in recent months” and that “the job market has been weak and job openings have been hard to fill”.
The retailer’s stock fell more than 8 percent on the news.