More bad news for retail. According to this Arkansas Online report Wal-Mart is quietly laying off employees at their home office.
Wal-Mart Stores Inc. completed another round of home office layoffs in Bentonville on Thursday, continuing its restructuring efforts under Chief Executive Officer Doug McMillon.
The retailer declined to reveal the number of employees who were let go during the latest round or to specify the affected departments. But multiple sources inside the company said workers in the merchandising and replenishment divisions were among those hit Thursday. A source said a “few dozen workers” were affected.
Another source said merchandising positions eliminated were at the senior director and director levels.
“As we said in January, we’re continuing to look at how the company is structured, which includes investing in and adding jobs in some areas and eliminating some in a few others,” Wal-Mart spokesman Randy Hargrove said Thursday. “This is all about aligning and creating efficiencies as we change how we work to seamlessly serve our customer through our stores and e-commerce.”
Hargrove also said there were “several dozen promotions” in the company Thursday, including category team assistants being elevated to merchandise specialists. Those employees work with buying teams in merchandising, according to Hargrove.
The latest moves continue what has been months of restructuring for the company, which is making efforts to manage costs and improve efficiency as it competes with other retailers like Amazon.com.
The efforts included about 1,000 workers being laid off across multiple divisions during a round of job cuts before the end of the fiscal year on Jan. 31. The cuts included 511 workers at the company’s home office in Bentonville, according to a Worker Adjustment and Retraining Notification Act filing.
In addition, about 300 jobs in the company’s internal systems division in Bentonville were among those affected by cuts in early April.