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Nov 17, 2018    08:56:12 AM

Author Topic: Wal-Mart has announced thousands of layoffs since publicizing bonuses and benefits expansion  (Read 121 times)

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Wal-Mart has announced thousands of layoffs since publicizing bonuses and benefits expansion

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Since Wal-Mart Stores Inc. announced it would hand out bonuses and expand benefits to more than 1 million associates thanks to new tax reform measures, the retail giant has also laid out plans for store closures and thousands of layoffs at both the store and corporate level.

 

Wal-Mart WMT, -0.13%   confirmed about 1,000 layoffs in California on Monday, including 650 associates in Sam’s Club locations in Los Angeles, Sacramento and Orange County, and 359 at a Wal-Mart location in Sacramento.

 

A company spokesperson said these cuts were part of the company’s effort to manage its fleet effectively.


Source: Wal-Mart has announced thousands of layoffs since publicizing bonuses and benefits expansion




 

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