Wal-Mart Stores Inc. is set to cut hundreds of corporate jobs in April as it continues its efficiency push.
While the company did not specify the exact number of positions being eliminated, it is expected to be in the hundreds and will include international positions, as well as those within its Sam’s Club business and technology department.
The move comes not long after Wal-Mart eliminated 1,000 jobs in January, bringing the total number of positions cut since early last year to about 18,000, including those from store closures and some consolidation efforts in the wake of last year’s Jet.com acquisition.
“As we said in January, to fuel our growth and our investments we have to manage our costs and our capital decisions with discipline. This means we will continue to find ways to operate more efficiently and effectively, true to our cost-conscious heritage,” a company spokesman said. “In order to achieve this, from time to time you’ll see the company eliminate positions in an effort to stay lean and fast. In some areas, we’ll invest in new positions, but in other cases, we’ll operate more efficiently and work to change our processes and become more digital to change the work itself.”
Wal-Mart is set to open about 50 new stores this year, which is expected to create 10,000 jobs.
The company also noted that thousands of employees who have seen their jobs eliminated have found other positions within Wal-Mart, both in stores and in back office positions.
Despite cutbacks, Wal-Mart is set to expand abroad, and said last month that $800 million over the next three years will go to opening up to 60 stores in Chile, renovating another 50 in the country and completing a central distribution center near Santiago.
With headquarters in Santiago, Wal-Mart Chile is a major retailer in the country, operating supermarkets, hypermarkets and discount stores under banners such as Central Mayorista, Ekono and Líder.
The expansion is expected to focus on medium-size units including Super Bodega aCuenta, which sells apparel and home products from a variety of private-label brands and Express de Lider.
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