Walmart has announced plans to lay off 1,500 corporate employees, part of what it calls a restructuring as it weighs plans to raise prices amid Trump administration tariffs.

Walmart Inc. plans to cut around 1,500 jobs, the Wall Street Journal reported on Wednesday, as the big-box chain tries to manage costs and accelerate decision-making amid broader efforts by retailers and consumers to navigate inflation and tariffs.

Walmart has said it will be raising its prices for items due to high costs from Trump's tariffs. Here's what to know about increased prices.