Wal-Mart To Cut “Hundreds” More Jobs Before End-January

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zerohedge.com / by Tyler Durden / Jan 10, 2017 1:17 PM

Despite the proclamations from The White House and its lackeys that this is the best jobs recovery ever and we are at full employment, it appears all is not well at the world’s third largest employer.

We’ve discussed many times the fact that Walmart had been overly eager to boost everyone’s wage in order to appease the living wage crowd, and as a result the company had to move forward with massive layoffs and store closings to try and mitigate the impact on profits. Earlier last year we also noted that Walmart is testing out drones that when operational, will be able to carry out what once were human tasks in its large distribution centers. This effort will further position the company to be able to shed more labor and benefit expense in the future. That said, Walmart isn’t waiting for the drone initiative to come online.


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