Wal-Mart Stores Inc. is cutting back on staff at its Bentonville, Ark., headquarters this week, and more reductions are planned for next year elsewhere within the company.
The retailer is this week letting go of around 500 or fewer corporate employees in departments like human resources, logistics, marketing and finance. Another 500 or fewer will be cut at the start of next year as part of Wal-Mart’s consolidation of some distribution and return centers.
The layoffs are in addition to those stemming from Wal-Mart’s recent decision to close 63 of its Sam’s Club locations, with only 10 being repurposed as new distribution centers. The company revealed those closures the same day it touted a starting wage increase and a onetime bonus scale, citing tax reform from the Trump administration.
“As we’ve previously stated, we’ve been looking at our structure for some time as we explore ways to operate more effectively,” a Wal-Mart spokeswoman said in a statement. “Those efforts continue.”
She added that workers being affected by the first round of cuts have 60 days of pay ahead of them “as they look for a new job,” and if they are unable to find work, a severance package will be available based on length of employment.
“We appreciate their important contributions to our company,” the spokeswoman said. “We’re committed to handling every transition smoothly and ensuring everyone is treated as fairly and respectfully as possible.”
It’s also understood that Wal-Mart has promoted more than 300 corporate staffers, but they are not going into any of the eliminated positions.
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