Sam’s Club Layoffs: Walmart to Cut 2,300 Jobs at Membership Club

by Christopher Freeburn | January 27, 2014 9:23 am

Another discount retailer has announced a round of layoffs[1].

sam's club[2]
Source: Wikipedia[3]

Sam’s Club — owned by the nation’s largest retailer Walmart (WMT[4]) — plans to trim its workforce by 2%. Sam’s Club will shed 2,300 jobs, including salaried associates and middle management positions. The layoffs are hoped to reduce costs and boost the ability of Sam’s Club to respond to Internet-based retailers like Amazon (AMZN[5]), USA TODAY notes.

In 2010, Sam’s Club cut 10,000 workers. Sam’s Club currently employs about 116,000.

Walmart has been moving to expand its online storefront to better compete with Amazon[6].

Earlier this month, discount chain Target (TGT[7]) said it would cut about 500 workers[8], mostly from its Minneapolis, Minn., headquarters.

WMT stock fell slightly in Monday pre-market trading. WMT stock has over the past year.

More Company Layoff News:

  1. announced a round of layoffs:
  2. [Image]:
  3. Wikipedia:
  4. WMT:
  5. AMZN:
  6. expand its online storefront to better compete with Amazon:
  7. TGT:
  8. said it would cut about 500 workers:
  9. HPQ Stock – Hewlett-Packard Plans 5,000 More Job Cuts:
  10. Job Cuts Coming to Forest Labs:
  11. December Jobs Report: U.S. Suffers Shocking Decline in Labor Growth:

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