By Sahid Fawaz

Walmart made headlines earlier this month when it announced bonuses up to $1,000 while laying off thousands at Sam's Stores.

Now Walmart is laying off more people even as it stands to reap billions in savings from the Trump tax plan.

Bloomberg reports:

"Wal-Mart Stores Inc. is cutting as many as 1,000 jobs at its headquarters this year and next, the latest effort to streamline a retail empire under threat from Amazon.com Inc.

The first wave of layoffs totaled between 400 and 500 jobs and hit the company’s marketing, human resources, merchandising, real estate and other divisions this week, the Bentonville, Arkansas-based chain said. Those affected will have 60 days to find a new role.

A second phase of cutbacks will come in 2019, when some buildings are consolidated to make way for the company’s new corporate headquarters. Under 500 positions will be part of that wave, Wal-Mart said.

The shake-up extends a busy month for the world’s largest retailer, which also shut 63 Sam’s Club warehouses and reorganized that unit’s purchasing division. But even as it makes cuts, the company has also taken broader steps to retain employees -- like boosting its hourly wage and creating new roles focused on its online grocery business."

For the rest of the story, check out the full article at Bloomberg here.

 

Comments   

0 #15 Vicky Steinberg 2018-02-01 13:52
while shoppers are saving $ at Walmart, they might like to contemplate what else they are paying for.
"Walmart's low-wage workers cost U.S. taxpayers an estimated $6.2 billion in public assistance including food stamps, Medicaid and subsidized housing, according to a report published to coincide with Tax Day, April 15."
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+1 #14 Gerry Panzica 2018-01-31 15:07
wow....................this new tax plan is really helping people, isn't it?
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-1 #13 James Smith 2018-01-31 00:05
Walmart is business. The objective of any business is to make a profit. When looking to cut costs, personnel is the first place businesses start. Walmart, like any other company have issues which need to be addressed.
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0 #12 Jason Wade 2018-01-30 12:14
Wal Mart is a sorry company to work for I worked for them for 10 years and got nothing for it. Now working for USPS happy.
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+1 #11 Charles Penick 2018-01-29 11:52
BUT anytime you go to any of the local WalMarts here in Nashville, TN, everyone is aware of how grossly they are already under-staffed. It takes over an hour in long lines to check out just about anytime you go there. They even shut down the self-checkout lanes which are the only lines moving efficiently. So where are those Billions of dollars in tax cuts going besides in the CEO's pockets??!!
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+1 #10 Jim Williams 2018-01-28 17:19
Quoting Jeff:
They are also laying off 3900 co managers.

Traditionally Walmart helps managers find another position at an equal or level without cutting their pay. Basically, these people are just being fired. Walmart is sure nobody will find this out because they swore the fired managers to secrecy on pain of losing five months severance pay. Ya right - how can Walmart be so ignorant of its own corporate culture?!

If this is how Walmart treats people they've spent 20 years developing, what does that forebode for us peons?
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+2 #9 Thegirlsyacht 2018-01-28 13:07
As I read some of the comments I think are u nuts??
Do u think Amazon is the answer? They would love to be fully automated!
You had better rethink your feelings for them. Putting people out of work is not going to fly!
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+6 #8 Jeff 2018-01-28 12:32
They are also laying off 3900 co managers.
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+10 #7 Lilarose1941 2018-01-28 11:00
I live in an Oregon coastal town of about 2,000 regular residents plus summer tourists. I do all I can to buy locally, but in the nine years I have lived here three mom and pop pharmacies have closed, their inventory bought by RiteAid, which is now our only pharmacy. Many folks here drive the 60 mi r/t to Coos Bay, the coast's largest city (Walmart, Bimart, Fred Meyer but Macy's and Penney's closed some time ago). Many people drive 180 miles or more to get to Costcos on I-5. We also get Costco products via Costpro, run by a small grocery store 25 miles from here. So I can get Costco products for a fee and delivered to my door. After this, we end up buying through Amazon. If Amazon doesn't exist at some time in the future, where do we go then? The mom/pops will be gone and even Walmart could be closed by then. I personally don't have confidence in the big boom lasting through a Trump administration. I just have an uneasy feeling about the financial future.
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+27 #6 Grumpy 2018-01-28 07:32
Ya know, back in the day, when we had robber barons and crooked politicians and businessmen, we tarred and feathered them and ran them out on a rail....and burned their land and homes. Boy....the good ol' days. They should make a comeback.
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