As part of continuing efforts to resize overhead, Wal-Mart yesterday announced another cut of 300 employees at their home offices in Bentonville, AR. According to statements by Wal-Mart, these cuts are the final round of reductions ending a year-long series of changes to its corporate structure.To save money, Wal-Mart, which has 2 million employees worldwide, has changed its global sourcing network. Its Sam’s Club division cut 11,200 jobs last month when it turned announced it was outsourcing in-club demonstrations to an outside company. The cut amounted to 10% of Sam's Club's work force of 110,000. Sam's also closed 10 underperforming stores, which cost another 1,500 jobs.
A year ago, Wal-Mart cut 700 to 800 headquarters workers in its real estate, apparel and health and wellness departments. That layoff followed a reduction in the number and size of new stores Wal-Mart said it would build. The company also plans to renovate many existing stores.
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