Wal-Mart Reportedly Plans to Cut 7,000 Back-Office Store Jobs


Wal-Mart (WMT) is eliminating 7,000 positions in its back offices across the U.S., The Wall Street Journal reported Thursday.

The cuts affect employees working in accounting and invoicing positions, the Journal said. They will be rolled out over the next few months.

Company spokesmen did not immediately respond to CNBC’s request for comment.

Wal-Mart has been looking for ways to put more employees on the sales floor, as it seeks to improve its customer service and keep its fresh foods in-stock. Operating faster and cleaner stores is a crucial part of the company’s U.S. turnaround strategy.

The world’s largest retailer has likewise been investing in better training for its employees, putting $2.7 billion into those programs and a series of wage hikes. As part of those pay increases, workers who complete a minimum six-month training program are boosted to a minimum $10 an hour.

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

Earlier this year, Wal-Mart spokesman Kory Lunberg told CNBC that the company was eliminating accounting and invoicing roles at approximately 500 locations in the Western United States. Those two to three employees per store were offered more customer-facing roles, Lundberg said.

SOURCE: CNBC – Krystina Gustafson, Christine Wang