Walmart just recently announced it will be closing the doors of over 200 stores this year in response to shares falling 30% in 2015.

The retail giant will be closing 154 stores in the United States, ⅔ of those locations being “Walmart Express” stores, twelve Supercenters and four Sam’s Club’s.

The closing of the stores will affect 10,000 employees. A majority of them will be moved to nearby stores and Walmart will pay the employees who are not able to move to other stores, 60 days worth of pay as well as provide resume building classes for those being laid-off.

All together the company will be closing a total of 269 stores in Latin American countries and Brazil in addition to the stores being closed in the United States.

The company has been studying the performance of all their stores since October of last year. Reason being for their closing are the stores poor performances and lack of profit. The stores for the most part make only 1% of Walmart’s total sales.

Although Walmart is closing 269 stores, they are still moving forward with plans to open 300 stores worldwide

“We are committed to growing, but we are being disciplined about it” stated CEO of Walmart Doug Mcmillon.