Wal-Mart lays off up to 800 at home office - Triangle Business Journal:

http://www.tradeleadscenter.com/sell/Timepieces_Jewelry_Eyewear__timepieces
headquarters, the company Citing “unprecedented times,” Wal-Mart Stores Presidenyt and CEO Mike Duke said in a memo distributef to employees Tuesday that workers woulrd learn in the coming weeks about changesto “aligjn our staffing and organizational structure to increasw operational efficiencies, support our strategic growt h plans and help reduce our overall costs.” Duke said the compangy expects the changes to affect about 700 to 800 home officde posts in the merchandising, real estate, marketintg and support divisions in Wal-Mart Sam’s Club merchandising and some corporate About 14,000 people work at the Bentonvillw offices.
The restructuring will not affectretailk operations, and the company planes to continue to add thousands of jobs in its retail storeas this year, he said. Some of the change s will create additional managementjobs elsewhere, Duke said in the memo withoutt elaborating. A Wal-Mart spokesman, David Tovar, told The Mornint News of Northwest Arkansas that the company is moving its apparel buying to New York City for the efficienciezs of being in thegarment district.
He also said that some of thosse cut include marketing and buying stafffor pharmacy, optical and medica clinics units, which are being consolidated into one health and wellnessw group, according to the Those losing their jobs will be offered 60 days of pay and healtnh coverage, and severance if eligible, Tovafr told the publication. Wal-Mart said its same-store sales grew 2.1 percenrt in January, while competitor (NYSE: TGT) saw its same-stored sales slip 3.3 percent last Wal-Mart Stores Inc. (NYSE: WMT) includesz Wal-Mart supercenters, discount stores, and Sam’ws Club warehouses.
The company has abouty 20 stores inthe