Jan 24 Wal-Mart Stores Inc said it cut
roughly 2 percent of total employees, or about 2,300 jobs, at
its Sam's Club retail warehouse chain on Friday, its biggest
round of layoffs since 2010.
The action comes on the heels of a lackluster U.S. holiday
season and layoffs announced earlier this month from U.S.
retailers Macy's Inc, J.C. Penney Co Inc and
In a review of operations that began before the holiday
season, Sam's Club found that its workforce was the same size,
regardless of the revenue reaped by the business, company
spokesman Bill Durling said in a telephone interview.
The cuts will include hourly and middle management
"We're trying to rebalance our resources," Durling said.
Affected employees who are unable to find new positions at
Sam's Club or Walmart will be eligible for severance, Durling
Wal-Mart is scheduled to report results from its holiday
quarter on Feb. 20.
Macy's has said it plans to cut 2,500 jobs, or 1.4 percent
of its U.S. workforce, but it said it expects to add positions
for its growing online business, leaving overall staffing levels
unchanged at around 175,000.
J.C. Penney said it would close 33 stores and eliminate
2,000 jobs as part of its efforts to return to profitability.
And, Target said it would cut 475 jobs at its headquarters and
other offices in Minnesota and will not fill 700 open positions