Based on the comments made by CEO Doug McMillon at the Q1 Investors Call and recent Company statements, Walmart will embark on a program of reducing costs and eliminating unprofitable operations.  Previously, EGG-NEWS reported on closing all 51 health centers.  Proposed changes will include:

• Consolidating small service offices and requiring employees to spend most of their time in company locations. This may result in loss of creative personnel
• Facilities involved in technology will be downsized or eliminated contributing directly to short-term profitability but possibly having a detrimental effect on development and deployment of future technology
• Non-profitable stores will be closed

Walmart will continue to invest in new stores and will keep remodeling existing locations applying technology and experience gained over the past three years of intensive expenditure on research.