Walmart said on Tuesday it had cut $500 million in manufacturing costs in the US and Canada to cut costs as a result of the US election.
The US retailer said it had lost $1.1 billion on sales in the second quarter.
“We are going to continue to do our best to deliver better value to our customers, but at this time, we are making tough decisions to help our customers in our region and around the world,” Walmart chief executive Doug McMillon said in a statement.
Walmart said it was spending $5.5 billion in its US operations in the quarter, up about 7% from the previous quarter.
The company has about 7,500 stores in the United States and Canada, according to the company.
President-elect Donald Trump won the election with more than 270 electoral votes.
Walmart said the US manufacturing job losses would be offset by an increase in the number of jobs in Canada and Mexico, which has seen an influx of people from Asia and Latin America.