bizjournals.com
Wal-Mart Stores Inc. plans to lay off up to 800 workers at its Bentonville, Ark., headquarters, the company said.
Citing “unprecedented times,” Wal-Mart Stores President and CEO Mike Duke said in a memo distributed to employees Tuesday that workers would learn in the coming weeks about changes to “align our staffing and organizational structure to increase operational efficiencies, support our strategic growth plans and help reduce our overall costs.”
Duke said the company expects the changes to affect about 700 to 800 home office posts in the merchandising, real estate, marketing and support divisions in Wal-Mart U.S., Sam’s Club merchandising and some corporate functions.
About 14,000 people work at the Bentonville offices. (more…)
What’s not being reported:
The fact that unlike the majority of large corporations out there cutting jobs, Wal-Mart started from the top, not the other way around.
Someone may need to pass that along to the idiot “activists” out there who have been whining about how Wal-Mart treats its workers unfairly. In the meantime, these so-called activists (who b.t.w. in most cases do not fit Wal-Mart’s targeted demographic) for workers are doing all they can to keep new employment opportunities out of the communities that need it the most.
