Walmart Fires VP in Tech for Taking Daily Kickbacks Starting from $30K
16 days ago
- #kickback-scheme
- #corruption
- #tech-staffing
- Walmart fired a Global Tech VP for orchestrating a kickback scheme involving daily payments starting from $30K.
- 1,200 technology contractors were abruptly terminated in August due to the corruption scandal.
- The scheme highlights systemic issues in the tech sector's contingent workforce infrastructure.
- Layered vendor relationships in tech staffing create opaque financial structures prone to corruption.
- Similar scandals have emerged in other companies, including Tata Consultancy Services in 2023.
- The Department of Justice is intensifying prosecutions against IT consulting fraud and visa fraud.
- H-1B visa programs are facing tighter regulations to combat fraud and manipulation.
- The rapid expansion of tech organizations has outpaced third-party risk management protocols.