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Reports: Walmart set to cut about 1,000 HQ jobs

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BENTONVILLE, Ark. — Walmart is reportedly set to cut 1,000 or more jobs, mainly at its headquarters, according to a report in The Wall Street Journal, which said the job cuts were expected to be enacted by the end of the current fiscal year on January 31.

Meanwhile Bloomberg has reported that the retail giant is making changes at the store level as well, cutting about 3,500 salaried store co-manager positions and adding about 1,700 assistant store managers. The people in those assistant store manager positions, which Bloomberg says are somewhat lower paid, will oversee online orders and other rapidly growing parts of the business. According to Bloomberg, the move is meant to weed out weak performing managers while making the overall company more efficient.

Walmart, the largest private employer in the United States, recently announced that it intended to hike the base pay of entry level employees in its stores to $11 an hour, while also paying veteran employees a one-time bonus, expanding parental leave and offering financial assistance to employees seeking to adopt children.

 


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