Walmart axes more than 50 staff in India but denies exit plans

The world’s largest retailer "remains committed” to growing in India and keeps looking for ways to operate more effectively, it said in an emailed statement Monday. "This requires us to review our corporate structure.”

MUMBAI: Walmart Inc. has fired more than 50 employees in India, including eight senior executives, as it restructures its business in the country, according to people familiar with the matter.

The cuts are due to a greater incorporation of technology into its local operations and a bigger focus on integrating e-commerce with its brick-and-mortar wholesale business, said the people, who asked not to be identified because they are not authorized to speak publicly about the restructuring.