WALMART LAYOFFS JOB CUT: WAL-MART to fire upto 800 employees

Walmart Layoffs

Wal-Mart Stores Inc is cutting 700 to 800 jobs at its Wal-Mart and Sam's Club home offices as the world's largest retailer looks to realign its corporate structure and reduce costs.

The discount retailer, which has roughly 14,000 employees at its home office in Arkansas, is eliminating jobs in merchandising, real estate and marketing in its Wal-Mart U.S. division, while cutting merchandising positions at its Sam's Club division. Spokesman David Tovar said that while Wal-Mart is cutting jobs, it will be adding new positions in divisions that are taking on greater importance for the retailer.

For instance, given Wal-Mart's increased focus on renovating and relocating stores, it will add more positions in that division, he said.

Much more detailed information about Walmart Layoffs is available on the Morning News link given below.

source: Reuters, Morning News