Wal-Mart Stores Inc (WMT.N) said on Friday it had cut 2,300 jobs, or roughly 2 percent of the total workforce at its Sam’s Club retail warehouse chain, its biggest round of layoffs since 2010.
The action follows a lackluster U.S. holiday season and layoffs announced earlier this month from U.S. retailers Macy’s Inc (M.N), J.C. Penney Co Inc (JCP.N) and Target Corp (TGT.N).
Wal-Mart company spokesman Bill Durling said in a telephone interview that the cuts will include hourly workers and assistant manager positions.
“We’re trying to rebalance our resources,” Durling said.
Affected employees who are unable to find new positions at Sam’s Club or Walmart will be eligible for severance, Durling said.
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via Wal-Mart’s cuts 2,300 jobs at Sam’s Club | Reuters.
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