Walmart is reportedly cutting thousands of store co-managers after raising wages
J.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 reportedly 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, according to the report.
The managers whose jobs are cut will be able to apply for other positions.
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.
If you're a Walmart worker with a story to share, email retail@businessinsider.com.
The Future of Retail 2018 by the BI Intelligence Research Team.
Get the Slide Deck Now »
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Top 10 Must-visit places in Kashmir in 2024
- The Psychology of Impulse Buying
- Indo-Gangetic Plains, home to half the Indian population, to soon become hotspot of extreme climate events: study
- 7 Vegetables you shouldn’t peel before eating to get the most nutrients
- Gut check: 10 High-fiber foods to add to your diet to support digestive balance