Business

Wal-Mart prepares for layoffs at its headquarters

Wal-Mart’s move is part of chief executive Doug McMillon’s efforts to reduce costs at the retailer while it boosts investment in other areas, including higher wages for store workers.
Wal-Mart’s move is part of chief executive Doug McMillon’s efforts to reduce costs at the retailer while it boosts investment in other areas, including higher wages for store workers. Damian Dovarganes The Associated Press

Wal-Mart is planning job cuts at its headquarters that could involve hundreds of workers, including senior managers, according to news reports.

The cuts are expected to begin in the next week.

Deisha Barnett, a spokeswoman at Wal-Mart, declined to comment.

The move is part of chief executive Doug McMillon’s efforts to reduce costs at the retailer while it boosts investment in other areas, including higher wages for store workers. The company has about 19,000 employees at its headquarters in Bentonville, Ark.

Bloomberg News

This story was originally published October 1, 2015 at 2:53 PM with the headline "Wal-Mart prepares for layoffs at its headquarters."

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