Walmart is cutting thousands of store co-managers after raising wages

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January 12, 2018 10:08 PM

Walmart is reportedly cutting 3,500 co-manager positions and adding 1,700 lower-paid assistant store managers.

Walmart is reportedly cutting 3,500 co-manager positions and adding 1,700 lower-paid assistant store managers.
The restructuring comes the day after Walmart announced it will raise its starting hourly wages to $11.
Walmart also announced Thursday that it would close 63 Sam's Club stores in a move that would impact roughly 9,400 employees.

Walmart is cutting thousands of store manager positions and adding new lower-paid positions, Bloomberg reports.

The retailer is removing 3,500 salaried co-managers and adding 1,700 assistant store managers.

The managers whose jobs are cut will be able to apply for other positions.

In a statement to Business Insider, Walmart said the restructuring is meant to meet customers' changing needs with the growth of e-commerce.

The restructuring comes the day after Walmart announced it will raise its starting hourly wages to $11, expand parental leave benefits, and give cash bonuses to employees of up to $1,000.

Walmart also announced Thursday that it would close 63 Sam's Club stores in a move that would impact roughly 9,400 employees.

If you're a Walmart worker with a story to share, email retail@businessinsider.com.

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