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Published · transcript-backed

Ben Gilbert: belief

19 Jul 2022 Acquired Walmart

“There's a labor point to make here too, which is that I think in closing all those Sam's Clubs, they basically lay off all the employees and then say, all right, now you can interview at this building that will be converted into an ecommerce distribution center and we can figure out if you're a fit.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
19 Jul 2022
Publisher
Acquired
Episode
Walmart

Transcript context

…Yup. They have, in recent years, been closing a large number of Sam's Clubs. I think a lot of that real estate they've been converting into ecommerce distribution centers. Yeah, I know they did in Washington. There's a labor point to make here too, which is that I think in closing all those Sam's Clubs, they basically lay off all the employees and then say, all right, now you can interview at this building that will be converted into an ecommerce distribution center and we can figure out if you're a fit. It makes sense, but I think it's like one of 100 deaths by 1000 cuts things going on between Walmart and labor right now. Oh, boy. We'll do value creation, value capture in a minute. There's a whole another episode we could do on is Walmart good or bad for the world?…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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