Wal-Mart is cutting hundreds of U.S. corporate jobs this month as the retailer scrambles to save money amid the billions it’s spending to improve upon its electronic transactions and in-store operations in the U.S.
Wal-Mart said Tuesday that the cuts would involve some of its international and technology positions as well as jobs at its warehouse chain Sam’s Club, according to Fox Business.
This comes after the giant retailer cut about 1,200 corporate jobs earlier this year, with 200 of those positions being in the e-commerce department.
"It’s really a continuation of what we said back in January," Wal-Mart spokesman Randy Hargrove told CNBC. "It’s all part of managing our costs and our capital."
"We will continue to find ways to operate more efficiently and effectively, true to our cost-conscious heritage," the company said in a statement, according to Fox Business. "In order to achieve this, from time to time you’ll see the company eliminate positions in an effort to stay lean and fast."
Wal-Mart has cut more than 18,000 U.S. jobs since early 2016.
According to CNBC, the news about the recent layoffs comes just days after a jobs report surfaced showing that nearly 30,000 retail employees lost their jobs in March – one of the worst months for the retail industry since December of 2009.
Fox Business noted that in the past two months, there have been about 60,600 total retail job losses, attributed to the change in "buying habits," as many consumers would prefer purchasing items through e-commerce companies like Amazon opposed to stores like J.C. Penney or Macy’s.
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