And the hits keep on coming.
In yet another troubling announcement from a large retailer, Walmart-owned warehouse chain Sam’s Club has laid off 2,300 workers, it confirmed to JCK.
The number represents two percent of the company’s 116,000 employees.
The cuts will affect assistant managers and other hourly workers.
“We’re doing this to rebalance our resources more effectively across our clubs to align our structure more closely to the current and future revenue of each club,” says Sam’s Club spokesman Bill Durling in an emailed statement. “We are eliminating certain hourly positions, in some cases reducing the number of assistant managers, and in some cases creating new, more senior level positions.”
The new year has brought a flurry of announcements of store closing and layoffs from big retail names.
Macy’s has announced it is laying off 2,500 people and shutting five stores. J.C. Penney plans to close 33 stores and is laying off 2,000 people. And Target has cut 475 workers and eliminated 700 positions.