Wal-Mart U.S. to Cut 10% of Tech Division Jobs
Wal-Mart is eliminating around 300 jobs in its information systems division (ISD). Talk Business reports the retailer is laying off about 10 percent of its ISD workforce over the next few days. Wal-Mart announced in January its plan to try and manage costs and investments "with discipline." Impacted employees will stay on payroll for 60 days and may apply for other jobs within the company.
Total Retail's Take: Wal-Mart is taking corporate cuts seriously. This is the second round of layoffs recently. The ISD layoffs are in addition to to the layoffs Wal-Mart U.S. E-Commerce CEO, Marc Lore, announced in January. Wal-Mart CEO Doug McMillon said in a statement to the press, “To deliver the changes we ultimately want customers to see on the outside, we have to change on the inside. We need more speed and less bureaucracy. We need lower costs.”