Walmart Simplifies Corporate Job Titles, Keeps Pay Mostly Stable

Walmart is streamlining job titles for corporate staff to remain competitive. Titles will be simplified but pay and responsibilities will remain the same.
Some corporate staff will receive new job titles starting in November. Their roles and base pay will not change.
Stock option awards will stay the same or increase for most corporate staff. About 4% will see a decrease to align compensation across geographies.
Staff with reduced stock options will receive a stock grant to account for the change.
Earlier this month, Walmart changed hourly wage structure for entry-level store workers to pay the same starting wages regardless of specific role.

reuters.com

Relevant topic timeline:

9/7/2023

Walmart changes starting pay structure for entry-level store workers

Walmart is changing its hourly starting wage structure for entry-level store workers in order to reduce costs in a slowing job market, with all store workers now receiving the same hourly starting wages instead of different levels.

9/7/2023

Walmart cuts starting pay for new hires who prepare online orders, stock shelves

Walmart has reduced starting pay for new store employees in certain roles, raising speculation about the labor market's cooling or Walmart's adjustment to pre-pandemic shopping behavior, although the cuts did not affect current employees in those positions.

10/16/2023

Retailers Cautious on Holiday Hiring as Sales Growth Slows, Walmart Says It's 'Staffed and Ready' While Amazon Still Plans Major Seasonal Hiring

Walmart indicated that it has sufficient staff for the holiday season, signaling a departure from the typical hiring sprees seen during this time of year, as rising labor costs and cautious consumer spending contribute to a muted retail hiring trend.