Walmart has reduced starting wages for new store associates handling online orders and stocking shelves, resulting in a roughly one-dollar-per-hour pay cut for recent hires.
However, current associates in these roles are unaffected, and some experienced workers received wage increases due to adjusted pay bands.
Walmart cites the move as an effort to maintain consistent starting pay across various roles, enhance staffing stability and customer service, and provide career development opportunities for associates.
Despite these changes, Walmart continues to report strong online sales growth, with a 24% year-over-year increase in e-commerce sales in its most recent fiscal quarter, which has positively impacted its stock performance.
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