Walmart to cut some management jobs

Business 2/13/2018, 5:32 PM
Walmart to cut some management jobs

Walmart Inc. announced Tuesday it is cutting some store management jobs so it could invest in higher wages and e-commerce, The Wall Street Journal reported.

“Retail is changing rapidly and over the past two years, we’ve been transforming too," a Walmart spokesman said. So far it is not clear how many positions will be eliminated from the 4,700 US stores.

Walmart has been struggling to keep up with labor costs and increase online sales while at the same time facing stark competition from Amazon.com.

Breaking the News / KP

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