Walmart to Lay Off 2,300 Sam's Club Employees

Now it looks like Sam Club is going to layoff as many as 2300 people.

Mostly "lower management".

I guess nobody is immune to the deluge.

Sales are down all over the retail spectrum.

Maybe this economic recovery is just a case of BULLitis.

Now there will be more Obama.Care enlistees.

This is probably a consolidation because they are opening 15 new stores this year.

Walmart to Lay Off 2,300 Sam's Club Employees

Walmart has announced that it is laying off up to 2,300 employees from Sam's Club, its members-only, bulk sales outlet stores.

The bulk of the layoffs will be made up of lower management. Walmart said in a press release that the move to cut assistant managers is an effort to make the company "more nimble." Other positions, such a telephone attendants, will also be eliminated in an effort to bring down costs.

Several US retailers slashed fourth-quarter profit forecasts after holiday sales were disappointing and by some reports, Walmart itself is said to have the worst gross profit margin of its peers.

reply to post by xuenchen


Just more proof small business is dying under this Obama economy! Sam's Club's main customer is aimed at small business owners and they are suffering.

xuenchen
Now it looks like Sam Club is going to layoff as many as 2300 people.

Mostly "lower management".

I guess nobody is immune to the deluge.

Sales are down all over the retail spectrum.

Maybe this economic recovery is just a case of BULLitis.

Now there will be more Obama.Care enlistees.

This is probably a consolidation because they are opening 15 new stores this year.

Walmart to Lay Off 2,300 Sam's Club Employees

Walmart has announced that it is laying off up to 2,300 employees from Sam's Club, its members-only, bulk sales outlet stores.

The bulk of the layoffs will be made up of lower management. Walmart said in a press release that the move to cut assistant managers is an effort to make the company "more nimble." Other positions, such a telephone attendants, will also be eliminated in an effort to bring down costs.

Several US retailers slashed fourth-quarter profit forecasts after holiday sales were disappointing and by some reports, Walmart itself is said to have the worst gross profit margin of its peers.

Wonder how Costco is doing..

...or if those club members are buying Costco stuff instead.

Yep. My friend may lose his job. He was one of 6 managers at the Sam's near me. He called the other day and say is they cut the 6 positions down to three and he would be interviewed again with the five other former manager and three would keep their job. He had gone and trained people in other states and thought he would be up for a better job and possibly have ti move. Instead he has a 50/50 chance of losing/keeping his job.

reply to post by ChuckNasty


Costco is doing just fine and expanding!
Their regular employees start at no less than $11/hr and enjoy access to benefits provided in house through their pharmacy and optometry departments. Show them you want to work and you advance quickly. If you want to relocate that is.

Or people no longer want to support such an abomination.

Oh goody, another hate on walmart capitalism is evil thread. This will be predictable.

the owlbear
reply to post by ChuckNasty

 

Costco is doing just fine and expanding!
Their regular employees start at no less than $11/hr and enjoy access to benefits provided in house through their pharmacy and optometry departments. Show them you want to work and you advance quickly. If you want to relocate that is.

Yup, knew the answer before I posted.

Costco is moving out further. They are pushing out Sams like a champ! They do seem to value the smart employee instead of the slave-labor Sams employee mentality. They still turn a profit when Sams say they can't do so with 'higher' employee wages.

'Capitalism' and competition at work is all - nothing to see folks.

Hoosierdaddy71
Oh goody, another hate on walmart capitalism is evil thread. This will be predictable.

but they are making massive profits as usual and sourcing from country's that pay staf $ 20 a week if that who sleep on factory floors after 20 hour days have staff on food stamps at home with no health care benefits avoid taxes like the plage and all the family are minted yip alls good