Walmart Lowers Starting Pay for Some New Hires Amid Slowing Labor Market

Walmart has cut starting hourly wages for some new store employees to $14 per hour, the lowest rate available.
The pay change allows workers to move between roles without impacting their pay.
Current employees are unaffected, with over 50,000 receiving raises under the new structure.
The decision comes as US job growth slows and Walmart looks to cut costs.
Walmart says the move aims to enable better staffing, consistency, and opportunities across different store roles.