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Major layoffs loom for staff at this firm, and it’s not tech giants like Google, Amazon, or Microsoft, but rather Indian companies like Infosys, founded by Narayana Murthy, or TCS, owned by Ratan Tata.

Walmart, the largest private employer in the US, is planning a massive restructuring that will result in the elimination of hundreds of jobs. The retail giant, which employs around 1.6 million people domestically and 2.1 million globally, is streamlining its...