Walmart Cutting Jobs After Raising Wages
Job cuts are coming to Walmart.
FOX’s Tonya J. Powers has the story:
Some 1500 back office jobs are being cut at Walmart in a test to see if those functions can be replaced by workers in the home office or by machines. The cuts were first reported by the Wall Street Journal.
Walmart is looking to put more of its spending on employees who work on the store floor stocking shelves and interacting with customers. It’s also looking to recover some of what it is spending on wage increases through cost cuts.
Walmart is the largest private employer in the U.S. with almost a million and a half workers. This winter it raised its minimum wage to $10 an hour.
Tonya J. Powers, FOX news.
