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Walmart is planning to slash more than 1,000 corporate jobs this month, The Wall Street Journal reports.
The news comes shortly after the big-box retailer announced plans to raise its hourly minimum wage and close 63 Sam’s Club locations.
“We’ve been looking at our structure for some time as we explore ways to operate more effectively,” a Walmart spokesperson says in the article. The spokesperson did not confirm the cuts.
The job cuts will primarily affect corporate employees based at Walmart’s Bentonville, Arkansas, headquarters and are expected to be completed by the end of January, according to the article.
These corporate job cuts come at a time when Walmart is increasingly focused on competing against online rivals, The Wall Street Journal reports.
The article says that the retailer is also reviewing its store management structure. According to The Wall Street Journal, Walmart is adding more assistant manager positions that will focus on new initiatives like in-store pickup services, and the company is also readjusting its co-manager position. Current co-managers will either transition to become assistant managers or begin new positions, the article states.
Walmart is currently renovating and expanding its corporate headquarters in Arkansas. The big-box retailer employs roughly 1.5 million people in the U.S.
