Walmart is reportedly cutting thousands of store co-managers after raising wages

Walmart employeeJ.D. Pooley / Stringer/ Getty

  • Walmart is reportedly cutting 3,500 co-manager positions and adding 1,700 lower-paid assistant store managers.
  • The restructuring comes the day after Walmart announced it will raise its starting hourly wages to $ 11.
  • Walmart also announced Thursday that it would close 63 Sam’s Club stores in a move that would impact roughly 9,400 employees. 

 

Walmart is cutting thousands of store manager positions and adding new lower-paid positions, Bloomberg reports

The retailer is removing 3,500 salaried co-managers and adding 1,700 assistant store managers.

The managers whose jobs are cut will be able to apply for other positions.

In a statement to Business Insider, Walmart said the restructuring is meant to meet customers’ changing needs with the growth of e-commerce.

“Retail is changing rapidly and we are transforming to meet the needs of our customers,” the company said. “We have a growing emphasis on serving customers seamlessly however they want to shop: in stores, online, on their mobile device — through pickup or delivery. To help compete and win in this environment, we must make changes across our company to enable further investments in our strategic business priorities and growth.”

The restructuring comes the day after Walmart announced it will raise its starting hourly wages to $ 11, expand parental leave benefits, and give cash bonuses to employees of up to $ 1,000. 

Walmart also announced Thursday that it would close 63 Sam’s Club stores in a move that would impact roughly 9,400 employees. 

“Retail is changing rapidly and we are transforming to meet the needs of our customers. We have a growing emphasis on serving customers seamlessly however they want to shop: in stores, online, on their mobile device – through pickup or delivery. To help compete and win in this environment, we must make changes across our company to enable further investments in our strategic business priorities and growth.”

If you’re a Walmart worker with a story to share, email retail@businessinsider.com. 

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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