*NOTE: Macy’s, JC Penny, Boeing & countless others also…
Class Separation – Revelation 6:5-6
Article By: Katie Little
Wal-Mart Stores (WMT) will be giving 100s of additional workers pink slips as the discount retailer prepares a fresh round of job cuts, sources familiar w/the matter told CNBC.
The layoffs were 1st reported by the Wall Street Journal. The cuts would affect both regional workers & employees at the company’s headquarters, sources told the Journal. They added that many of the layoffs will impact its human resources department. In a statement to CNBC, Wal-Mart said,
“As we’ve previously shared, we are always looking for ways to operate more efficiently & effectively. While we continually look at our corporate structure, we have not made any announcements.”
The move marks the latest in a series of cuts as the retailer pares some expenses. In September, it said it would slash 7,000 back-office jobs while it said in October 2015 that it was cutting 100s of positions at headquarters.
—CNBC’s Courtney Reagan contributed to this report.
View full article at: http://finance.yahoo.com/news/wal-mart-rolling-back-workforce-194348767.html