English: Logo for Sam’s Club (Photo credit: Wikipedia)
NEW YORK (AP) – Wal-Mart Stores Inc. said it’s eliminating 2,300 workers at its Sam’s Club division as it reduces the ranks of middle managers in a bid to be more nimble.
The layoffs, which cut 2 percent of the membership club’s U.S. employee count of about 116,000, mark the largest since 2010 when the Sam’s Club unit laid off 10,000 workers as it moved to outsource food demonstrations at its stores.
The cuts come as Sam’s Club strives to compete better with Costco Wholesale Corp. and online players like Amazon.com’s Prime membership service. They also follow layoffs announced by several other major retailers in recent weeks that include Macy’s Inc., J.C. Penney and Target Corp.
Read more at http://www.philly.com/philly/business/20140125_ap_4fbfbde8c9e1487cbe6569dc8dc9139f.html#6AF86HobVkfOl5Cz.99
Roy's Rants - For Your Information 