Jan 16, 2018 - Economy & Business

Walmart to cut jobs at headquarters

Scott Olson / Getty

Walmart is planning to cut more than 1,000 jobs, mostly at its headquarters in Bentonville, Arkansas, the Wall Street Journal reports, citing unidentified people familiar with the matter. Walmart last week said it will close 63 Sam's Club stores and eliminate 10,000 jobs. The company employs 1.5 million.

Why this matters: Walmart is cutting cost to invest in e-commerce in a fight with Amazon, the WSJ says. “Retail is changing rapidly and we are transforming to meet the needs of our customers,” Wal-Mart spokesman Blake Jackson told the paper.

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Axios

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

Global: Total confirmed cases as of 10 p.m. ET: 30,065,728 — Total deaths: 944,604— Total recoveries: 20,423,802 — Map
U.S.: Total confirmed cases as of 10 p.m. ET: 6,674,070 — Total deaths: 197,615 — Total recoveries: 2,540,334 — Total tests: 90,710,730 — Map
Politics: Former Pence aide says she plans to vote for Joe Biden, accusing Trump of costing lives in his coronavirus response.
Health: Pew: 49% of Americans would not get COVID-19 vaccine if available today — Pandemic may cause cancer uptick — The risks of moving too fast on a vaccine — COVID-19 racial disparities extend to health coverage losses.
Business: Retail sales return to pre-coronavirus trend.

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Ina Fried, author of Login

9 hours ago - Technology

Scoop: How the Oracle-TikTok deal would work

Illustration: Aïda Amer/Axios

An agreement between TikTok's Chinese owner ByteDance and Oracle includes a variety of concessions in an effort to make the deal palatable to the Trump administration and security hawks in Congress, according to a source close to the companies.

Driving the news: The deal, in the form of a 20-page term sheet agreed to in principle by the companies, would give Oracle unprecedented access and control over user data as well as other measures designed to ensure that Americans' data is protected, according to the source.

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Zachary Basu

10 hours ago - World

How the EU plans to take on human rights abusers

Illustration: Sarah Grillo/Axios

Amid a global assault on human rights stretching from Belarus to Hong Kong to Yemen, the European Union signaled yesterday that it may act to deter corrupt kleptocrats and state abusers by hitting them where it hurts: their assets.

Driving the news: Europe's chief executive Ursula von der Leyen revealed in her first-ever State of the Union speech that she will bring forth a European Magnitsky Act, a sanctions framework modeled after a U.S. law that restricts malign actors' access to travel and the global financial system.