Tags: Wal-Mart | job | cuts | retail

WSJ: Wal-Mart to Cut 7,000 Back-Office Jobs in Next Few Months

WSJ: Wal-Mart to Cut 7,000 Back-Office Jobs in Next Few Months

(Source: Wal-Mart)

Thursday, 01 September 2016 12:02 PM

Wal-Mart, the world's biggest retailer and America's largest private employer, is swinging the axe on 7,000 back office jobs held by workers in accounting and invoicing, The Wall Street Journal reports.

Wal-Mart has been looking for ways to put more workers on the sales floor as part of its U.S. turnaround strategy; the cuts will take place over the next several months.

According to the Journal, the jobs on the chopping block are mostly held by long-term employees, some of whom pull in the highest hourly wages in the retailer's stores around the country.

Wal-Mart employs roughly 1.5 million people in the U.S., according to the company's website.

"You are not running around the store on your feet all day," one accounting worker who makes about $13 an hour, or $27,000 a year, tells the Journal. "Everybody wants to get in there. The jobs never open up."

Beginning next year, much of the back office work will be handled by a central office or new money-counting machines in stores, the Journal reports.

Most displaced workers will likely find work dealing with store customers face-to-face, but their current wage levels aren't guaranteed, spokeswoman Deisha Barnett tells the newspaper.

The Journal notes Wal-Mart is spending "billions" to boost online sales and spruce up their retail locations, reducing inventory and raising wages; the company raised starting pay to $9 an hour last year.

And though the retailer's online sales have been sluggish, store sales have gone up in eight straight quarters, the Journal reports.

A typical Wal-Mart Supercenter hires hundreds of people, and in many towns in rural areas in the United States, it's one of the biggest employers.

© 2019 Thomson/Reuters. All rights reserved.

   
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Wal-Mart, the world's biggest retailer and America's largest private employer, is swinging the axe on 7,000 back office jobs held by workers in accounting and invoicing, The Wall Street Journal reports.
Wal-Mart, job, cuts, retail
276
2016-02-01
Thursday, 01 September 2016 12:02 PM
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