What is with bad password requirements

Small rant incomming. I just went to look at applying to Walmart, and when going to make an account their password requirements were 8-11 characters. What kinda nonsense is that? Some terribly made backend I'd assume. It's bad enough I gotta make a million accounts when applying to jobs but then you got my PII sitting behind such terrible password requirements it makes me wonder where else they are cutting corners on security.