Politics,Economics and The Struggle To Survive In America

The time is now, the revolution is upon us. Our childrens, children need our resolve in this fight. Take the blinders off and get out of the"Matrix". By JJP 

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Walmart is cutting thousands of store co-managers after raising wages

Posted by Jerrald J President on January 14, 2018 at 8:55 AM


http://www.businessinsider.com/walmart-firing-managers-report-2018-1

www.jerraldpresident.info//


  This is just the start of "Reagonomics 2.0", it only gets worst from this point on! By JJP

 Walmart is cutting thousands of store co-managers after raising wages


 Walmart is reportedly cutting 3,500 co-manager positions and adding 1,700 lower-paid assistant store managers.

The restructuring comes the day after Walmart announced it will raise its starting hourly wages to $11.

Walmart also announced Thursday that it would close 63 Sam's Club stores in a move that would impact roughly 9,400 employees.



Walmart is cutting thousands of store manager positions and adding new lower-paid positions, Bloomberg reports.


The retailer is removing 3,500 salaried co-managers and adding 1,700 assistant store managers.


The managers whose jobs are cut will be able to apply for other positions.

 

In a statement to Business Insider, Walmart said the restructuring is meant to meet customers' changing needs with the growth of e-commerce.


"Retail is changing rapidly and we are transforming to meet the needs of our customers," the company said. "W e have a growing emphasis on serving customers seamlessly however they want to shop: in stores, online, on their mobile device — through pickup or delivery. To help compete and win in this environment, we must make changes across our company to enable further investments in our strategic business priorities and growth."


The restructuring comes the day after Walmart announced it will raise its starting hourly wages to $11, expand parental leave benefits, and give cash bonuses to employees of up to $1,000.


Walmart also announced Thursday that it would close 63 Sam's Club stores in a move that would impact roughly 9,400 employees.


"Retail is changing rapidly and we are transforming to meet the needs of our customers . We have a growing emphasis on serving customers seamlessly however they want to shop: in stores, online, on their mobile device - through pickup or delivery. To help compete and win in this environment, we must make changes across our company to enable further investments in our strategic business priorities and growth.”


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