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. “W

e
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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