LIVE VIDEO: Live Newscast RIGHT NOW    Watch
 

Wal-Mart lays off 2,300 Sam's Club workers

12:12 PM, Jan 25, 2014   |    comments
  • Share
  • Print
  • - A A A +
  • FILED UNDER

 


 


Wal-Mart Stores is eliminating 2,300 workers at its Sam's Club division as it reduces the ranks of middle managers in a bid to be more nimble.

The layoffs, which cut 2% of the membership club's employee count of about 116,000, mark the largest since 2010, when the Sam's Club unit laid off 10,000 workers as it moved to outsource food demonstrations at its stores.

Bill Durling, a spokesman at Sam's Club, says that a little less than half of the cuts were aimed at salaried assistant managers. It is also eliminating some hourly workers.

The cuts come as Sam's Club strives to compete with Costco Wholesale and online players like Amazon.com's Prime membership service.

Bentonville, Ark.-based Wal-Mart plans to post quarterly results from the holiday shopping season on Feb. 15. Shares of Wal-Mart were down 0.2% in after-hours traded and closed down 0.7% to $74.42 Friday in an ugly day of losses on Wall Street.

In recent weeks, other retailers have announced layoffs following a disappointing holiday shopping season, including Target and Macy's.

You may also like... 

Weird Florida: A look back at some of the strangest stories of the year

Miracle Baby: Tampa toddler has 5-organ transplant

Broke Bad: Contest winner busted in synthetic drug ring

Here kitty, kitty: Lion escapes enclosure at Pasco sanctuary

Fake Cop: Man arrested 3 times for impersonating officer

Animal tragedy: Girl's miniature horse attacked by dogs

#ShortYellows: Florida quietly shortened yellow lights

Kittens shot: Officer shoots kittens in front of children

Popular photo galleries:

Faces of Meth: Devastating before and after photos of meth abusers

Trayvon Martin Shooting: Trayvon Martin crime scene photos and George Zimmerman injury photos 

Hooters Winners: Winners of the 2013 Hooters swimsuit pageant

Rejected: Funny Florida license plates rejected by the DMV***warning graphic***

Deadly sinkhole: Home collapses, man dies in giant sinkhole

Popular Databases:

Florida Sex Offenders: Look up sex offenders in any Florida neighborhood here

Restaurant Inspections: Look up inspection reports for any Florida restaurant here


Most Watched Videos