Thursday, September 8, 2016

Walmart CFO: Job cuts aid efficiency, operations

Image result for walmart sales floor employeesWal-Mart Stores' move to cut back-office jobs is an efficiency program that will also serve operational goals, a company executive said in a presentation Wednesday.

Speaking at the Goldman Sachs Retailing Conference in New York, Brett Biggs, CFO of the Bentonville, Ark.-based mass merchant, described the reported 7,000 job cuts as an efficient reallocation of labor, transitioning store-based accounting and invoicing jobs to central shared services while potentially providing the company with additional — and lower-paid — workers for jobs on the sales floor. The changes, which were piloted at a group of stores earlier this year, are expected to take place over several months.. . . more

No comments: