Retail giant Wal-Mart Stores, the largest employer in Northwest Arkansas and nation, is purging more of its corporate jobs. This marks the third round of layoffs in Bentonville this calendar year.
Wal-Mart would not confirm the number of jobs being eliminated or areas of the business involved, but a source confirmed to Talk Business & Politics the number of jobs to be a few dozen. The company also said the action was part of its attempt to right-size in the wake of the changing retail industry.
Wal-Mart Stores CEO Doug McMillon has said the retailer is investing in technology – upwards of $6 billion including the acquisition of Jet, ModCloth, Moosejaw, ShoeBuy, Bonobos and investments in JD.com – and at the same time reducing the corporate headcount to facilitate more speed, less bureaucracy and lower costs.
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