Wal-Mart to cut jobs at headquarters

[Bindare_Dundat]

World's largest retailer, citing 'unprecedented times,' says it will cut as many as 800 jobs across divisions.

Wal-Mart Stores announced Tuesday that it is eliminating as many as 800 positions at its headquarters in an effort to reduce costs.

Wal-Mart (WMT, Fortune 500), the world's largest retailer, said the cuts will affect about 700 to 800 jobs at its headquarters in Bentonville, Ark.

Wal-Mart is the nation's largest private sector employer with more than 1.4 million employees in the United States.

"As the new fiscal year begins, we find ourselves living in unprecedented times," Wal-Mart CEO Mike Duke wrote in a memo to employees.

The company said the layoffs "will not impact store and club operations."

For now...

[Soul Crusher]

World's largest retailer, citing 'unprecedented times,' says it will cut as many as 800 jobs across divisions.

Wal-Mart Stores announced Tuesday that it is eliminating as many as 800 positions at its headquarters in an effort to reduce costs.

Wal-Mart (WMT, Fortune 500), the world's largest retailer, said the cuts will affect about 700 to 800 jobs at its headquarters in Bentonville, Ark.

Wal-Mart is the nation's largest private sector employer with more than 1.4 million employees in the United States.

"As the new fiscal year begins, we find ourselves living in unprecedented times," Wal-Mart CEO Mike Duke wrote in a memo to employees.

The company said the layoffs "will not impact store and club operations."

For now...

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To quote Churchill:

"This is not the beginning of the end, but merely, the end of the beginning."