Walmart Plans for 1000 Corporate Job Cuts

The job cuts keep on coming for behemoth retailer Walmart.

The company is reportedly planning to cut over 1,000 corporate jobs according to The Wall Street Journal who cited sources.

Bloomberg also reported on the news of the layoffs which are expected to be completed by January 31st of next year.

According to reports, the lay offs will focus on employees in Walmart’s corporate headquarters.

It was announced earlier this week that Walmart’s Sam’s Club would be closing over 60 locations which could mean thousands of jobs on the line.

The retailer currently has 1.5 million workers in the U.S. and 2.3 million around the globe.

A Walmart spokesperson remarked, “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.”

Disclaimer: We have no position in Wal-Mart Stores Inc. (NYSE: WMT) and have not been compensated for this article.