TV News LIES

Wednesday, Apr 16th

Last update02:37:08 AM GMT

You are here News Economy Sam’s Club Will Layoff About 2,300 Employees

Sam’s Club Will Layoff About 2,300 Employees

E-mail Print PDF

sams' clubSam’s Club, the membership-only warehouse unit owned by Walmart, is laying off about 2,300 employees in its largest wave of job cuts in four years, the Wall Street Journal reports. It is one of several retail chains to announce steep job cuts in January.

The layoffs come amid an effort to compete with rival Costco and online competition like Amazon, which has its own club-like service called Amazon Prime. Assistant managers will comprise nearly half the layoffs as the unit looks to slim down its managerial staff.

More...


Most Recent Related Stories...


Judge says will accept SAC Capital guilty plea

SAC guilty pleaA federal judge agreed to accept SAC Capital Advisors' guilty plea to fraud charges in the...

SEC Goldman Lawyer Says Agency Too Timid on Wall Street Misdeeds

SECA trial attorney from the Securities and Exchange Commission said his bosses were too “tentative and...

U.S. Obama signs executive order on equal pay for women

equal pay for equal workKeeping with his promise to champion women’s rights in the workplace, President Barack Obama signed an...

U.S. stock markets are rigged, says author Michael Lewis

stock market riggedThe U.S. stock market is rigged in favor of high-speed electronic trading firms, which use their...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!