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Walmart Dismisses Thousands Of Store Co-Managers

January 13, 2018: 12:00 AM EST
Walmart is reportedly planning to eliminate about 3,500 co-manager positions in the US market. According to reports, the planned move is aimed at removing “poor performers” and provide “clearer paths to leadership” for aspiring store managers. Meanwhile, the company announced plans to raise its starting salary to $11 an hour and spend $400 million in one-time bonuses to employees.
Matthew Boyle, "Wal-Mart to Cut Thousands of Store-Management Roles", Bloomberg, January 13, 2018, © Bloomberg L.P.
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