Reports: Wal-Mart To Lay Off 2300 Sam's Club Employees
Retail giant Wal-Mart Stores Inc. (WMT: Quote) will lay off about 2,300 employees at its Sam's Club warehouse division, according to media reports on Friday. The job cuts, representing about 2 percent of Sam's Club workforce, are reportedly part of Walmart's efforts to improve efficiency at the business.
All affected workers will get 60 paid days to find another job at the company and if unsuccessful, will be eligible for severance. Sam's Club has about 116,000 employees.
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