Walmart shelves Jet black shopping service, cuts nearly 300 jobs
It’s been two and a half years since Walmart began testing its white-glove concierge shopping service dubbed Jet black. After much speculation that Walmart would spin-off the venture given its negative cash flow, the retail giant said Thursday (Feb. 13) it will end the service and eliminate about 300 jobs.
Jet black will cease operations Feb. 21 and nearly 300 employees will be laid off in the restructuring move. Walmart said 58 employees will join Walmart as the operation is rolled into Walmart’s customer organization. Read more here .