Thursday, April 13, 2017
Wal-Mart Stores Inc. says it is eliminating more U.S. corporate jobs this month, even as it invests in improving its e-commerce operations and in regaining its low-cost pricing advantage in the U.S. retail sector.
Walmart confirmed to Reuters that the latest round of job cuts will involve “hundreds” of positions in its international and technology businesses, along with its Sam’s Club warehouse chain.
“As we said in January, to fuel our growth and our investments we have to manage our costs and our capital decisions with discipline,” Walmart spokesman Randy Hargrove said. “This means we will continue to find ways to operate more efficiently and effectively.” He gave no details on the number of positions to be eliminated, Reuters said.
Walmart’s job cuts started in 2016 when the retailer said it was eliminating 7,000 back-office positions and moving more of its workforce to the sales floor. Earlier this year, Walmart cut more than a 1,000 corporate positions, mostly in its human resources department.