Walmart is Cutting 300 Jobs at Corporate Headquarters
Bloombergreports that Wal-Mart Stores Inc. is cutting 300 jobs at its corporate headquarters in Arkansas.
Legal, finance, corporate-affairs and human-resources jobs will be cut, David Tovar, a spokesman, said by telephone today. The affected employees, about 2.5 percent of the 12,000 workers in the home office, were notified this morning, he said.
"This was a difficult decision but I believe that if we ask our operations to be leaner and more customer-focused, we must ask the same of our support teams at the home office," Chief Executive Officer Mike Duke told employees in a memo.
Walmart also recently announced they would be cutting over 11,000 Sams Club jobs. It is difficult to ascertain the health of the economy. Some retailers are doing a little better but at the same there continues to be new layoffs and little job creation.
Bloomberg 
