WAL-MART LAYS OFF 100
NEW YORK — Wal-Mart Stores Inc. is tightening its belt a bit, laying off about 100 employees at its Bentonville, Ark., headquarters and eliminating 300 additional unfilled positions.
The headquarters staff, which is comprised of approximately 11,000 people and has not undergone layoffs in the past five years, represents less than 1 percent of the company’s total 1.2 million worldwide workforce.
A spokesman said the cuts were part of a periodic review and affected positions “across the whole spectrum of the home office.”
Laid-off employees were given the chance to apply for other positions within the firm.
The firm also said that, as reported, it’s on track to add 40 million square feet of retail space this fiscal year, an 8 percent increase over last year’s square-foot growth.