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Sam's Club layoffs: 2,300 to lose jobs

Sam's Club to layoff 2,300 workers
Sam's Club to layoff 2,300 workers
Wikipedia

Sam’s Club layoffs are coming to approximately 2,300 workers. Wal-Mart Stores Inc. made the announcement regarding its retail warehouse chain. The Sam’s Club layoffs are the biggest number of layoffs in the past four years, according to a Reuters’ report on Friday.

The Sam’s Club layoffs are a result of a review of operations at the firm were conducted prior to the holiday shopping season. In that review, it was determined that the stores’ number of employees was just as large in spite of the revenue acquired by the stores.

The job cuts will hit hourly workers as well as employees that now have middle management jobs with Sam’s Club. The official report of Wal-Mart Inc.’s quarterly earnings for the holiday season is due on Feb. 20, 2014.

The Sam’s Club layoffs follow an overall poor showing in retail over the 2013 holiday season as well as job losses being had so far in the new year at Target, J.C. Penney, and Macy’s.