Wal-Mart Cutting Hundreds of Jobs by End of Month
Wal-Mart Stores Inc. has announced plans to eliminate hundreds of jobs before the end of its fiscal year on Jan. 31. The jobs will be eliminated from both the company’s headquarters and regional personnel that support stores, sources told MarketWatch. These sources said that the jobs will be cut largely from the human resources department — a team that some senior executives believe should be more efficient or whose duties could be handled by outside consultants. Other departments could be affected as well, according to the sources.
Total Retail’s Take: This is Wal-Mart’s latest effort to preserve money and focus on its e-commerce business and improving stores. In 2015, Wal-Mart laid off hundreds of workers in its Bentonville, Ark., headquarters, and in September of last year the company cut 7,000 back-office jobs in its stores. Some of these jobs were replaced by automation technologies like cash recyclers that count money.