Another round of Wal-Mart corporate, store layoffs expected
LITTLE ROCK, Ar. (Talk Business & Politics) Wal-Mart Stores is again scaling back its corporate workforce as the retailer reportedly will eliminate its jewelry business and decrease the number of co-managers per store, and reduce areas such as direct-store-delivery receiving, according to persons familiar with the changes.
The reduction has been the norm for the retail giant who said a year ago it was continually looking for ways to run a leaner operation as it invests in e-commerce capabilities. Wal-Mart’s fiscal year ends Jan. 31 and the latest restructuring falls in line with the time frame when the company usually does scale back.
News of the pending layoffs hit social media feeds in December, but the company would not then confirm to Talk Business & Politics any such corporate downsizing. Again, on Friday (Jan. 12), the retailer released the following statement regarding the corporate restructuring reported by the Wall Street Journal: “As we’ve previously stated, we’ve been looking at our structure for some time as we explore ways to operate more effectively. We continue to do that but are not going to comment on rumors and speculation.”
Talk Business & Politics learned a meeting was held Friday with store management and that’s when some of the news leaked to the media. Again, Wal-Mart didn’t confirm nor deny jobs were being eliminated. Talk Business & Politics also confirmed recently with other sources the company’s Information Systems Division, the technology arm in Bentonville, continues to shed jobs — moving some of the work to India.
For more on the Wal-Mart layoffs read the full story from KATV's content partners Talk Business & Politics here.