Walmart fires thousands of co-managers after announcing raises, replaces them with cheaper hires - Entrepreneur Generations

In the days since Walmart announced raising its minimum wage, giving out employee bonuses and expanding paid parental leave, the mega-chain has quietly tightened its belt in other areas.

On Jan. 12, Walmart announced it is laying off about 3,500 salaried store co-managers, replacing them with 1,700 lower-paid assistant store managers, Matthew Boyle reports for Bloomberg.

Hours after Walmart's Jan. 11 announcement about the wages, which it credited to President Trump's federal tax cuts, the news media got wind that Walmart is abruptly closing 63 Sam's Clubs across the nation, impacting 9,400 employees. Some workers only found out that they had lost their jobs when they showed up to work to find a sign printed on the barred door. Ten of the Sam's Clubs will be turned into distribution centers for online orders, and employees will have the opportunity to apply for jobs there.  

Business Insider reporter Hayley Peterson, who broke the Sam's Club story, said on NPR that "it's highly unusual for companies as big as Walmart to not give employees notice about store closings," but that focusing on its online operation is a sound strategy for competing with Amazon.

from The Rural Blog http://ift.tt/2mCj3Sx Walmart fires thousands of co-managers after announcing raises, replaces them with cheaper hires - Entrepreneur Generations

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