Sam's Club layoffs just announced by parent company, Wal-Mart, will affect 2,300 employees. The job cuts will be in the near future and impact hourly and salaried workers -- with assistant managers representing half of the cuts, Inquisitr reports Jan. 25.
Sam’s Club currently has 630 stores throughout the U.S. and Puerto Rico wants to add at least 15 new stores this year. In the last fiscal year the stores have earned $56.4 billion in revenue and is "12 percent of Wal-Mart’s $466.1 billion in revenues," the report said.
The Sam's Club layoffs mean the average store will lose four employees. Job cuts will "not be uniform."
Sam’s Club spokesman Bill Durling said they want to "balance" their resources.
The job cuts affect about 2 percent of the stores' 116,000 employees. Workers will get 60 days of pay and be eligible "to apply for open positions within Sam’s Club and Wal-Mart." If no one has found new jobs when the 60 days is over, they will receive a severance.
Wal-Mart added that they want to treat their employees with "respect" during this transition. The Sam's Club layoffs is another big company in a position to make this kind of decision in a trend which evidently will not end anytime soon.