Home / FINANCE / Retail / Walmart is reportedly slicing thousands of store co-managers after lifting wages

Walmart is reportedly slicing thousands of store co-managers after lifting wages


Walmart employeeJ.D. Pooley / Stringer/ Getty

  • Walmart is reportedly slicing 3,500 co-manager
    positions and adding 1,700 lower-paid partner store
    managers.
  • The restructuring comes a day after Walmart announced
    it will lift a starting hourly salary to $11.
  • Walmart also announced Thursday that it would tighten 63
    Sam’s Club stores in a pierce that would impact roughly 9,400
    employees. 

 

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

The tradesman is stealing 3,500 salaried co-managers and adding
1,700 partner store managers.

The managers whose jobs are cut will be means to request for other
positions.

In a matter to Business Insider, Walmart pronounced the
restructuring is meant to accommodate customers’ changing needs with the
expansion of e-commerce.

“Retail is changing fast and we are transforming to meet
a needs of a customers,” a association said. “W

e
have a flourishing importance on portion business seamlessly however
they wish to shop: in stores, online, on their mobile device —
by pickup or delivery. To assistance contest and win in this
environment, we contingency make changes opposite a association to enable
serve investments in a vital business priorities and
growth.”

The restructuring comes a day after Walmart announced it will
lift a starting hourly salary to $11, enhance parental leave
benefits, and give money bonuses to employees of adult to
$1,000. 

Walmart also announced Thursday that it would tighten 63 Sam’s Club
stores in a pierce that would impact roughly 9,400 employees. 

“Retail is changing fast and we are transforming to meet
a needs of a customers

. We have a growing
importance on portion business seamlessly however they wish to
shop: in stores, online, on their mobile device – by pickup
or delivery. To assistance contest and win in this environment, we must
make changes opposite a association to capacitate serve investments in
a vital business priorities and growth.”

If you’re a Walmart workman with a story to share, email
retail@businessinsider.com. 

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