Walmart aims to cut 1000 employees by 2019
According to Bloomberg, Walmart trimmed between 400 and 500 head office jobs. "We've been looking at our structure for some time as we explore ways to operate more effectively," Walmart said in a statement. They aim to remove a total of about 1,000 people by 2019. Our maths indicate that these are strange moves. 1,000 people at (even) @ 100,000 USD per annum equates to a mere $100 million. Compare this to the billions of dollars Walmart spends on their computer systems and you have to wonder whether the staff had to be cut to pay for the gold-plated computers.