U.S. retail bellwether Walmart is planning to cut about 1,500 jobs as part of a restructuring push to simplify its operations, according to a memo seen by Reuters.

Walmart is planning layoffs in a restructuring aimed at managing its expenses and speeding up decision-making.

Walmart has announced plans to lay off 1,500 corporate employees, part of what it calls a restructuring as it weighs plans to raise prices amid Trump administration tariffs.