1515 EDT [Dow Jones]--Walmart Inc. is one of the most talked-about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Walmart said Wednesday it plans to hire around 40,000 mostly seasonal workers to serve shoppers over the busy holiday shopping period, and it would offer current employees extra hours before filling roles. Last year, as many large retailers scrambled to fill positions to meet booming demand, Walmart was looking for around 150,000 permanent employees to work over the holidays and beyond. The shift at the country's largest private employer is a sign of how shrinking demand for some products, higher prices and tighter household budgets might shape hiring plans in the months ahead. A Walmart spokeswoman said the company is hiring less this year because operations are better staffed versus the previous holiday-shopping season. Walmart shares were up 2.4% at $136.77 in recent trading. Dow Jones & Co. owns Factiva. (matthew.walker@dowjones.com)

 

(END) Dow Jones Newswires

September 21, 2022 15:40 ET (19:40 GMT)

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