Jan 10 Wal-Mart Stores Inc plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation.
The retailer plans to eliminate jobs at its headquarters and regional personnel that support stores, according to the report. on.wsj.com/2jroYGF
Many of the eliminations will affect Wal-Mart's human resources department, a large team that some senior executives believe should be more efficient or whose duties could be handled by outside consultants, the newspaper said.
Other departments could be affected as well.
The company said in September it will cut about 7,000 back-office jobs, mostly in accounting and invoicing positions at its U.S. stores, as part of a program it announced in June.
Wal-Mart was not immediately available for comment. (Reporting by Sruthi Ramakrishnan in Bengaluru: Editing by Sriraj Kalluvila)
PRESS DIGEST- New York Times business news - June 23
June 23 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.