Wal-Mart has announced thousands of layoffs since publicizing bonuses and benefits expansion

Wal-Mart has announced thousands of layoffs since publicizing bonuses and benefits expansion

Source: market watch

Since Wal-Mart Stores Inc. announced it would hand out bonuses and expand benefits to more than 1 million associates thanks to new tax reform measures, the retail giant has also laid out plans for store closures and thousands of layoffs at both the store and corporate level.

Wal-Mart WMT, -1.09%   confirmed about 1,000 layoffs in California on Monday, including 650 associates in Sam’s Club locations in Los Angeles, Sacramento and Orange County, and 359 at a Wal-Mart location in Sacramento.

A company spokesperson said these cuts were part of the company’s effort to manage its fleet effectively.

“We are working with our associates to help find them other local opportunities where possible, at either nearby clubs and stores, or elsewhere,” the company said in an email to MarketWatch.

Last week, the company cut as many as 500 workers in the corporate headquarters in Bentonville, Ark. More than 360 associates will be promoted into positions of “higher authority,” a company spokesperson said, with these promotions focused on areas of interest like online grocery.

On Jan. 11, Wal-Mart announced that it would raise the minimum hourly wage for all associates to $11, expand maternity and parental leave benefits and offer a one-time bonus to eligible associates. Bonuses could total up to $1,000, but the maximum amount is reserved for those veterans with 20 or more years of service with the company.

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