Walmart is cutting 1,500 corporate, tech-related jobs as part of a restructuring plan, reports say. News of the job cuts followed an announcement last week that Walmart is raising prices to counter President Donald Trump’s tariffs.

Overall, Wall Street analysts have a Strong Buy consensus rating on Walmart stock based on 28 Buys and two Holds assigned in the past three months. The average WMT price target of $109.31 per share implies a 13.36% upside potential.

Walmart is planning to eliminate about 1,500 jobs as part of a restructuring effort to simplify its operations, according to a Reuters report. The restructuring will affect teams in Walmart's global technology operations, e-commerce fulfillment in U.S. stores and its advertising business Walmart Connect, per the report.

Walmart (WMT) is cutting about 1,500 jobs to streamline operations across tech, e-commerce, and its ad business. Market Domination host Madison Mills breaks down how Walmart, TD Bank (TD) , Microsoft (MSFT),

Walmart is restructuring its operations and cutting about 1,500 jobs as part of its new plan, multiple reports say.