Walmart prepares for holiday season with additional 40,000-employee workforce

Walmart announced Wednesday it will be hiring an additional workforce of 40,000 people for this holiday season.

New employees are being hired as sales associates, customer service representatives, and truck drivers, according to a press release from the retailer. This comes after wage increases in its nationwide stores have reached an average of $17 per hour. Truck drivers with the company can now make up to $110,000 as of April, while pharmacy technicians were recently given raises to $20 per hour.

Last year, Walmart hired roughly 150,000 new employees and 20,000 supply chain workers in anticipation of the holidays. It touts a management team made up of 75% former sales associates, among them CEO Doug McMillon and Walmart US CEO John Furner.

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Meanwhile, 200 corporate employees in merchandising, global technology, and real estate teams at the company’s headquarters in Bentonville, Arkansas, are among those whose positions were terminated in August. Walmart remains the largest private employer in the United States, with about 1.6 million employees in the US, thousands of whom are in corporate roles as of January.

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The national unemployment rate was at 3.7% in August, according to the Bureau of Labor Statistics, which was an increase of 0.2 percentage points from July.

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