Wal-Mart axes hundreds of corporate jobs

FRENCH PRESS AGENCY - AFP
NEW YORK
Published 12.04.2017 20:57
Updated 12.04.2017 20:58

Wal-Mart Stores is eliminating hundreds of corporate jobs in a cost-cutting move, a person familiar with the matter said Tuesday. The cuts will affect employees in Wal-Mart's international division, its technology services division and in its Sam's Club business.

The layoffs are centered in administrative functions, said the person, confirming a story in the Wall Street Journal.

Wal-Mart has been targeting e-commerce growth and looking to offset increased spending in that realm with belt-tightening elsewhere.

Wal-Mart, the world's biggest retailer, cut 1,000 administrative and e-commerce jobs at the start of 2017, even as it pledged to create 10,000 jobs in the United States.

In 2016, Wal-Mart cut 18,000 jobs through store closures and automation. Some of the workers affected by those cuts found posts elsewhere at the company.

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