Walmart India sacks 56 senior executives, denies more layoffs

As Amazon Founder and CEO Jeff Bezos begins his India visit this week, its arch rival Walmart India on Monday said it has asked 56 senior executives to leave as part of its corporate restructuring process, shrugging off reports about the second round of layoffs coming in April. In a statement, the company which operates nearly 28 wholesale stores in the country,clarified.